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FINANCIAL NEWS
UK Millennium to open 20 hotels in Saudi
25 Mar 2014
(MENAFN) Millennium and Copthorne Middle East and Africa (MEA) plans to launch 20 new hotels in Saudi Arabia as part of its plan to operate 50 properties by 2017, according to Arab News.
The hotel group will distribute its hotels’ projects in Makkah, Madinah, Riyadh and Jeddah, as well as important second tier cities such as Hail, Jazan, Tabuk and Baha.
Ali Hamad Lakhraim Alzaabi, president and CEO, Millennium and Copthorne Middle East, said: “The market opportunity within the Kingdom has increased through growing domestic travel, a short supply of midscale hotels, five-star hotels in second-tier cities, especially for corporate travelers and the significant and sustained growth of religious tourism.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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