BPKH States Revision of Hajj Finance Law Aims to Strengthen Governance and Investment
The Hajj Financial Management Agency (BPKH) views the revision of the Hajj Finance Law as a strategic opportunity to enhance its governance and investment flexibility, as well as strengthen the role of its subsidiaries.
In its implementation, the development of BPKH’s subsidiary in Saudi Arabia will focus on two main pillars: integrating national investment with Danantara and other state-owned enterprises, and collaborating with the Saudi Ministry of Hajj and Umrah.
“Through synergy with Danantara, we want to build an integrated national investment orchestra. The subsidiary in Saudi Arabia will be a collaborative platform for state-owned enterprises and private companies to enter the Hajj and Umrah ecosystem in a more structured and competitive manner,” said the Head of the BPKH Implementing Agency, Fadlul Imansyah, in Jakarta (February 26).
According to Fadlul, collaboration with Danantara is a strategic step to integrate Indonesia’s investment power on the global stage.
Member of the BPKH Implementing Agency for Direct Investment, M. Arief Mufraini, added that this collaborative approach will strengthen Indonesia’s bargaining position. According to him, synergy with Danantara and state-owned enterprises will enable the formation of a stronger and more measurable co-investment scheme.
“With the right investment structure, we can ensure strategic control, disciplined risk management, and the creation of long-term value. This also opens up opportunities for participation by competent national private sector companies,” said Arief.
He explained that the main pillars of this national synergy include a co-investment scheme between BPKH and Danantara, and strengthening the role of state-owned enterprises in strategic sectors such as accommodation, catering, transportation, and logistics.
“At the international level, BPKH is strengthening the role of its subsidiary through constructive cooperation with the Saudi Ministry of Hajj and Umrah. This step is important to align investment with regulations and the development direction of the Hajj ecosystem in the Holy Land,” said Arief. (Ant/M-3)
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