Dubai Duty Free hits number five worldwide

Dubai Duty Free (DDF) is now the fifth biggest duty free operation worldwide in terms of revenue, according to research company, Generation Group.

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By  Neil Denslow Published  July 7, 2003

Dubai Duty Free (DDF) is now the fifth biggest duty free operation worldwide in terms of revenue, according to research company, Generation Group. DDF racked up sales of DHS 1.1 billion (US$ 300 million) last year. It is set to beat this figure in 2003 with sales for the first half hitting DHS 592 million (US$ 161 million), up 16% on H102.

Such sales have secured a DDF a place alongside London's Heathrow, Singapore, Amsterdam and Paris in the global rankings. “It is a great achievement for Dubai Duty Free to enter the top five duty free operations in the world,” says Sheikh Ahmed bin Saeed Al Maktoum, president of the Department of Civil Aviation and chairman of the Emirates Group.

”The figures are all the more impressive when you consider that Dubai International Airport, which handled 16 million passengers in 2002 and is 16th in the world in terms of international traffic, is in the same league in terms of duty free sales with airports such as Heathrow which handles over 60 million passengers a year,” he adds.

"What is very clear from the figures is that the spend per passenger at DDF, which is estimated at around US$34 per head (departing passengers only), is above the average spend in other airports which have a much higher traffic flow. Given our sales figures so far this year, we think we can move even higher up the chart in 2003,” says Colm McLoughlin, managing director of DDF.

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