Dubai Duty Free records 33 percent sales increase for January
Dubai Duty Free witnessed sales of 108.4 million Emirati dirhams ($30.1 million) in the first month of 2003, representing a 33 percent increase in sales over January 2002.
Gold sales topped Dh 13 million in January representing a 24 percent increase over sales during the same period last year. Electronics sales for the month topped Dh 12.4 million, representing a 50 percent increase over sales in January 2002, while perfume sales of Dh 11.5 million resulted in a 34 percent increase over the same period last year.
The Middle East represents around four percent of annual global duty free sales which are estimated at $20 billion for 2002. As a result of record sales of Dh 1.1 billion ($306 million) last year, Dubai Duty Free accounts for some 40 percent of total Middle East duty free sales and is now positioned fifth in the world in terms of airport duty free sales. — (menareport.com)
© 2003 Mena Report (www.menareport.com)