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Dubai Duty Free to develop retail outlets at DIA

Published 24 November 2009

Dubai Duty Free (DDF) will invest AED650 million ($176.9 million) to develop its retail outlets at Dubai International Airport (DIA) and Al Maktoum International Airport.

It will also launch its own hotel at Dubai World Central, a AED500 million ($136.1 million) project. The largest jump in retail space, however, will be at Al Maktoum International Airport which will add about 2,250 square meters across four outlets there. DDF's investment in developing its retail outlets in the first phase of the project will be AED40 million ($10.8 million). Meanwhile, DDF will spend AED20 million ($5.4 million) to refurbish Terminal 2 at DIA, and an investment of AED100 million ($27.22 million) at Concourse 3 will start in 2012. Dubai Duty Free, which celebrated its 25th Anniversary on December 20, 2008, has had a remarkable quarter century that has seen its business grow from AED70 million (US$20 million) in 1984 to AED3.9 billion (US$1.1 billion) in 2008. 2008 saw the operation doubling its retail space from 7,000 square meters to 15,000 square meters with the inauguration of the new Emirates Terminal 3 in October 2008. The opening of Dubai Duty Free’s Head Office and Distribution Centre and the increase in the operation’s staffing levels to 3,700 were also major milestones for Dubai Duty Free in 2008.