There were more than 200 prospective bidders for the contracts, which culminated in the selection of DFS and Dufry International being handed five-year deals.
The retail and duty free awards will be followed by lounge and F&B concessions.
The new international terminal is in the process of completion to cater to the upcoming APEC 2013 (Asia Pacific Economic Summit 2013).
Managing director of GVK, GVK Reddy, said: “The contract with Dufry International and DFS is in line with our stated aim to take this airport to international standards and help Indonesia in realising its growing potential as a key destination in the region.
“Bali in Indonesia has emerged as a prime destination for tourist traffic; and retail, F&B and duty free go a long way in defining the passenger experience at any airport.”
Dufry’s CEO, Julian Diaz, added: “We are extremely pleased with this new opportunity to operate at Bali Ngurah Rai International Airport.
“Bali is a key tourist destination in South East Asia and as such fits perfectly with our growth strategy focused on tourist destinations and emerging markets.”
The airport has current traffic of about 13 million ppa with a growth of 10% a year.
It caters to international premium leisure and business travellers primarily from Australia, China, Japan and Malyasia and many more.
In Nov 2012, GVK, which also manages and operates two of India’s busiest airports, entered into a strategic collaboration with The Airports Authority of Indonesia – Angkasa Pura Airports – for the operation, management and development of commercial facilities at the airport.