Abu Dhabi Duty Free (ADDF) sales are set to hit an all-time high of $175 million (+15%) in 2011 as the clamour for luxury retail goods continue to soar across the Middle East.
The figure is even more impressive considering that 65% of the retail capacity at Abu Dhabi International Airport’s Terminal 1 was closed for half of 2011 due to its refurbishment.
And with the new 630,000sqm Midfield Terminal set to open in 2017, duty free sales look set to continue to go skywards for airport operator Abu Dhabi Airports Company (ADAC) for years to come.
“ADAC saw a 12% increase in passenger numbers so our retail growth was ahead of passenger growth,” says Daniel Cappell, ADAC’s senior vice president commercial.
“We have been very pleased with the way 2011 has gone as we have had 65% of our retail space in T1 closed for 50% of this year. When you look at overall business, it has performed exceptionally well. If we hit $175 million, which we are on target to achieve, it will be an excellent performance.”
ADAC reopened its flagship Terminal 1 last summer after an extensive refurbishment and upgrade was carried out on the 30-year-old building.