Dubai Duty Free announces growth plans
Dubai Duty Free (DDF) Managing Director, Colm McLoughlin, has outlined plans to double the airport retailer’s size in five years and grow the workforce to 6000 (emirates247.com, 01-Aug-2010). Mr McLoughlin stated that this will be achieved through the construction of Concourse 3 at the existing Dubai International Airport, which will have an estimated 8,000sqm of retail space, and also through the new Al Maktoum International Airport will have an estimated 64,000sqm of retail space upon completion. DDF was recently announced as the world’s largest airport retailer, ahead of London Heathrow and Seoul Incheon. Mr McLoughlin added that DDF sells to more that 32% of departing passengers and average spend per passenger is about USD45.