Dubai – Mubasher: Dubai Duty Free's (DDF) sales will hit AED 7.2 billion in 2018, company CEO Colm McLoughlin said on Thursday.
DDF’s sales increased by 5% to AED 7 billion by the end of 2017, McLoughlin added.
Perfumes and cosmetics products make up the biggest stake of sales with 24%, followed by tobacco with 10%, the CEO explained.
DDF's sales will grow to AED 11 billion in the coming few years on the back of the company's recent expansion into Al Maktoum International Airport, the top official said on the sideline of the celebration of the DDF's 34th anniversary.
Dubai Duty Free currently operates some 36,000 sqm of retail space at Dubai International Airport and 2,500 sqm at Al Maktoum International that will grow in line with the massive development plans of Dubai South, which ultimately cover some 80,000 sqm of retail, according to the company's website.
