Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Duty Free set to cross $2b sales in 2014  Join our daily free Newsletter

MENAFN - Khaleej Times - 30/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) Dubai Duty Free has completed three-decades of retailing excellence and its sales jumped to 1.8 billion in 2013, compared to its sales of the first full year of operations at 20 million, showing a remarkable increase of nearly nine thousands times.

Established on December 20, 1983, the Dubai Duty Free (DDF) continued significant increases in its annual sales every year till now and has become one of the leading airport retailers in the world. It crossed the 100 million mark sales in 1992, touched 500 million in 2004, and crossed 1 billion in 2008. The trend shows DDF will easily cross the 2 billion sales milestone next year with the help of new space at Al Maktoum International Airport.

DDF marked its 30th anniversary in style on December 20 with a new daily sales record of Dh111.88 million as the airport retailer extended up to 30 per cent discounts on a wide range of products. The new daily record represents a 40 per cent increase over last year's anniversary sales. The growth and development of DDF is due to several factors, not the least of which is the tremendous support and encouragement that it has received from the Government of Dubai.

Over the years, DDF's retail operation has grown dramatically and in line with the expansion plans of Dubai Airport and the airlines, in particular Emirates.

At present, it operates 26,000sqm of retail space at Dubai International Airport and has recently opened a retail operation of 2,500sqm in Al Maktoum International at Dubai World Central. Dubai World Central will of course be the center of attention when the UAE hosts the World Expo 2020 in Dubai. Future plans include the opening of Concourse D in the coming year which will bring the capacity of Dubai International Airport up to 95 million passengers.

"Of the many milestones over the past three decades, I am most proud of the fact that Dubai Duty Free has developed a reputation for looking after its people. We currently employ 6,000 staff including 44 of the original 100 employees from 1983," Colm McLoughlin, executive vice chairman of Dubai Duty Free, said in a statement. -


Khaleej Times

  MENA News Headlines
 Oct 4 2015 - Qatar might not need to hike interest rates: Central Bank governorGulf Times
(MENAFN - Gulf Times) Qatar, whose currency is pegged to the dollar, may not necessarily increase the interest rates, following an anticipated lift-off by the US Federal Reserve later this year; ...

 Oct 4 2015 - Jelaiha intersection opens to trafficGulf Times
(MENAFN - Gulf Times) The Jelaiha intersection was recently opened to traffic, the Public Works Authority (Ashghal) has announced. The opening constitutes Phase 1 of upgrading Al Khafji Street and ...

 Oct 4 2015 - FM lays stress on right to educationGulf Times
(MENAFN - Gulf Times) HE the Foreign Minister Dr Khalid bin Mohamed al-Attiyah has stressed the need to prioritise the right to education as millions of children around the world are still deprived ...

 Oct 4 2015 - Qatar- ASPIRE4SPORT event starts tomorrowGulf Times
(MENAFN - Gulf Times) ASPIRE4SPORT Congress and Exhibition 2015 is an exclusive two-day event and networking session opens in Berlin tomorrow. The event features a Global Summit related to football ...

 Oct 4 2015 - OIC must intensify efforts to face challenges: QatarGulf Times
(MENAFN - Gulf Times) The Organisation of Islamic Co-operation (OIC) must intensify its efforts in the face of challenges faced by people in Palestine, Syria, Iraq, Libya and Yemen as well to fight ...

 Oct 4 2015 - Qatar- Yaris and Corolla cars recalledTweetGulf Times
(MENAFN - Gulf Times) The Ministry of Economy and Commerce (MEC), in collaboration with Abdullah Abdulghani & Bros Co (AAB), has announced a recall of 2003-2007 Toyota Yaris and Corolla models due to ...

 Oct 4 2015 - Qatar- Meeting on women, crime preventionGulf Times
(MENAFN - Gulf Times) Qatar's Permanent Mission to the UN, in collaboration with Italy, Thailand, and the UN Office on Drugs and Crime (UNODC) hosted a meeting on "Women, Crime Prevention, Criminal ...

 Oct 4 2015 - Qatar- SEC renews school robotics programmeGulf Times
(MENAFN - Gulf Times) The Supreme Education Council (SEC) has signed a Memorandum of Understanding (MoU) with Maersk Oil Qatar (MOQ), the College of North Atlantic-Qatar (CNA-Q) and Qatar Petroleum ...

 Oct 4 2015 - Stars of Science shortlists innovators for 7th seasonGulf Times
(MENAFN - Gulf Times) Stars of Science, Qatar Foundation for Education, Science and Community Development (QF)'s "edutainment reality" TV programme on MBC4 that encourages science, technology and ...

 Oct 4 2015 - Qatar- QU college hosts delegates from LNG Japan, RasGasGulf Times
(MENAFN - Gulf Times) Qatar University College of Education (QU-CED) recently hosted a visit by a six-member delegation from LNG Corporation (LNG Japan) and RasGas Company Limited (RasGas).QU ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help