Abu Dhabi Sees Record Retail Revenue

Abu Dhabi Airports Company (ADAC), operator of the Emirate’s five airports, has revealed that Abu Dhabi Duty Free retail revenue reached AED 809.5 million (US$220m) in 2012, a 24% increase year-on-year, setting a new record for the company.
ADAC cites the combination of the retail mix, the variety of luxury brands and promotional campaigns as reasons for the increase in both spend per passenger and average transaction value.  Passenger numbers also grew 18.9% last year to 14.7 million passengers.
The contract with Duty Free Shoppers (DFS) to manage and operate ADAC’s duty free subsidiary has also been extended for a further five years.
New projects set to be completed in 2013 include an Armani boutique, while the Burberry boutique will double in size.
ADAC also claimed that retail business will grow to more than AED 1.5 billion ($407.6m) by 2017, when the airport’s Midfield Terminal Complex is due to open.
(Image:  ADAC)