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Millennium & Copthorne, MENAT builds 29-project pipeline

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Millennium & Copthorne, MENAT builds 29-project pipeline
Nile Business City Grand Millennium Cairo

Millennium & Copthorne, MENAT has announced a 29-project development pipeline comprising 11,736 hotel and residence units across six markets. The pipeline demonstrates the scale of the regional growth strategy as the newly formed MENAT platform builds momentum across the Middle East, North Africa and Turkey. Millennium currently operates 41 hotels across 20 cities and locations in the Middle East and Africa, providing an established operating base for the next phase of regional expansion.

The pipeline comprises 5,637 hotel keys and 6,099 residence units across Saudi Arabia, Egypt, the UAE, Iraq, Georgia and Oman, with signed projects currently scheduled to open between 2027 and 2029. 

It reflects both the geographic expansion of the business and its growing diversification beyond traditional hotel operations.

The figures provide evidence of the strategy behind the MENAT platform established in February 2026 under the leadership of Ali Hamad Lakhraim Alzaabi.

Central to this strategy is Millennium’s owner-operator model. Against a subdued regional travel market in the first half of 2026, the model allows the business to approach growth through both an operational and an investment lens, assessing opportunities not simply by the number of properties added, but by market fundamentals, timing, asset performance and the potential for sustainable long-term returns.

Ali Hamad Lakhraim Alzaabi, President of Millennium & Copthorne, MENAT, said: “Challenging markets test the strength of a hospitality business. For us, 2026 has reinforced the value of being both an owner and an operator. It gives us the discipline to understand where demand is real, where capital can work hardest and where the right partnerships can create sustainable long-term value. That approach is reflected in signed projects such as Grand Millennium Sumou Al Madinah in Saudi Arabia and Grand Millennium New Capital Tycoon Towers Cairo, Egypt, which represent the kind of long-term opportunities we are pursuing across MENAT.

“Our 29-project pipeline is significant, but scale alone is not the objective. What matters is executing the right projects, in the right markets, with the right partners. That discipline is how we intend to build lasting value across MENAT and strengthen our presence across the region.”


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