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September 10, 2025JAS (Journal of ASEAN Studies)Open Access

Unlocking Investment Potential in Saudi Arabia's Hajj and Umrah Sector: A Focus on Indonesia and Malaysia

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Authors

AAAnggito AbimanyuUniversitas Gadjah MadaUSUmar SantosoUniversitas Gadjah MadaFZFaiz ZamzamiUniversitas Gadjah Mada

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Implication

This research investigates investment potential in the Hajj and Umrah sector, identifying risks in food products and catering services.

Key Points

  • Indonesia may become a leading player in the Hajj and Umrah sectors, especially in food and catering.
  • Risk heat map analysis highlights catering services as a low-risk investment for Indonesian entities.
  • The Trade Gravity Model reveals key determinants for successful investment in Saudi Arabia's Hajj and Umrah sector.
  • Product complementarity plays a vital role in market competition within Saudi Arabia.

Cite This Study

Abimanyu et al. (2025) studied this question.

synapsesocial.com/papers/68c1a13354b1d3bfb60dc6f7https://doi.org/10.21512/jas.v13i1.12527
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Boosting Indonesia’s Economy Through Hajj and Umrah: Opportunities and Diplomatic Avenues2024
  2. 2THE SYMBIOTIC ENGINE: ANALYZING THE ECONOMIC IMPACT OF HAJJ AND UMRAH ON THE GLOBAL HALAL INDUSTRY2025
  3. 3Developing Future Scenarios for Investment in Religious Tourism in Saudi Arabia Using a Structural Approach2024
  4. 4Halal Investment Funds as Catalysts for Tourism Development: Analyzing Customer Trust, Religiosity, and Behavioral Intentions among Islamic Bank Clients in Saudi Arabia2025
  5. 5Comparison of Halal Product Standards in Indonesia and the Kingdom of Saudi Arabia2024 · 1 citations