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BRIEF-Saudi's Makkah construction says Millennium to operate its hotels
July 5, 2017 / 6:47 AM / a month ago

BRIEF-Saudi's Makkah construction says Millennium to operate its hotels

July 5 (Reuters) - Makkah Construction and Development Co :

* Says Millennium & Copthorne Middle East Holdings to manage, operate co's five star hotels in Makkah

* Says contract period is for 20 years starting from Nov 1, 2017

* Says contract has no specific value as Millennium will get a portion of profit against hotel operation, management

* Says expects positive financial impact from Q4 of current financial year Source text for Eikon: Further company coverage: )

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