Dubai Duty Free recorded an annual turnover of 1.1 billion Emirati dirhams ($306 million), representing a 23 percent increase over 2001. Year-end figures also revealed a new monthly sales record of Dh 107.7 million, which was achieved in December 2002 and surpasses the previous month’s Dh 102.6 million total.
The annual target of Dh 1 billion sales was achieved several weeks ahead of schedule and the year-end figure firmly places Dubai Duty Free around fifth place in the world in terms of turnover,” stated President of the Dubai Department of Civil Aviation and Chairman of Emirates Group, Sheikh Ahmed Bin Saeed Al-Maktoum.
“We have seen major growth in all categories including strong categories such as gold, which has increased by 18 percent and electronics, which has increased by 24 percent. Equally significant is the fact that spend per passenger increased to around $30, which is way above the average global spend,” said Managing Director of Dubai Duty Free, Colm McLoughlin.
By the December 31, shop floor transactions at Dubai Duty Free had reached 7.8 million, resulting in a new daily average of 21,000 transactions. From its bonded warehouse, the operation physically transports around 25 million products per year. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
