Middle East Duty free sales reached $1.7 billion in 2002
The Middle East and its neighboring markets recorded duty free sales of $1.7 billion in 2002 accounting for 8.5 percent of global sales, reported Generation DataBank .
Internationally, luxury goods accounted for the lion’s share of global duty free sales. In the Middle East the pattern was repeated with luxury goods sales of $356.6 million or 53.2 percent of total regional sales. Other product category results for the Middle East include $62.1 million in sales of confectionery and gourmet food and $128.9 million on perfumes and cosmetics.
Middle East Exclusive, the first duty free travel retailing and luxury product event in the region, has attracted 106 exhibitors from 26 countries and in excess of 300 brands for its first showing at the Dubai World Trade Centre from December 1 to 3, 2003.
The trade visitor response has also been keen with delegations due from Aer Rianta International (Middle East), and duty frees from throughout Tunisia, Kuwait, Bahrain, Abu Dhabi, Sharjah, Jordan and Egypt as well as industry and governmental missions from throughout the CIS.
The exhibitor line-up reflects a wide segment of the duty free and travel retail industry with the focus keenly on premium and emerging brands. Exhibitors include Baume & Mercier, Mont Blanc, Alfred Dunhill, Elle Travel Retail, Damas, Habanos, Nestle, Braun, Caviar Classic, Fila, Misaki Pearls, Ferrero, Elle, Larioseta SPA and Revlon.
Alongside Middle East Exclusive is a duty free conference that will specifically address the duty free industry in the Middle East and will be held at the Al-Bustan Rotana Hotel in Dubai from December 3-4. — (menareport.com)
© 2003 Mena Report (www.menareport.com)