Bandung – Saudi Arabian holding company Elite Grip Holding Group (EGHG) has announced a business expansion into Indonesia with an initial investment of US$1 million (approximately IDR 16.3 billion). The announcement was made during an exclusive dinner at the Hilton Hotel Bandung on Friday (July 3).
A total of 18 companies will be established and operated in Bandung, spanning sectors such as gold, tourism, Hajj and Umrah services, and mining. All business operations will be carried out in collaboration with the local workforce.
“We view Bandung as the best city with the greatest potential for launching a business. We have now established and are ready to operate 18 companies in Bandung,” said EGHG Chairman of the Board Sheikh Duaij Munif Bin Mesirir, speaking through his representative.
This strategic event was led by the senior management team, including Osama Ibrahim (CTO) and Abdulrahman (GM), and was attended by strategic partners.
In addition to the commercial sector, EGHG has launched a humanitarian project named TAMKIN. The plan involves building three specialized hospitals in Indonesia for rehabilitation and health recovery following medical procedures or detoxification.
“TAMKIN is a major humanitarian project for the people of Indonesia. Its primary focus is helping to restore people’s quality of life,” added Sheikh Duaij.
The presence of EGHG is expected to strengthen bilateral economic ties, create new jobs, and deliver a tangible social impact for the residents of West Java.
