Abu Dhabi Duty Free records Dh1.5b sales

Abu Dhabi Duty Free records Dh1.5b sales

Abu Dhabi - F&B sales recorded a 25.7 per cent increase to account for the majority of growth across Abu Dhabi Airports' businesses last year, while the services sector posted a 15.2 per cent rise, of which 26.8 per cent was fueled by airport advertising.



 Abu Dhabi Duty Free set a new sales record in 2015, reaching Dh1.5 billion across its retail, food and beverage (F&B) and services sectors, according to its latest commercial figures. Sales were up 10.3 per cent on 2014's figures, despite increasing economic volatility worldwide.
The retail category continued its upward growth trend, rising by seven per cent to Dh1.079 billion from the Dh1.009 billion in 2014, contributing to a strong and steady 13.2 per cent compound annual growth rate, or CAGR, from 2010-2015. F&B sales recorded a 25.7 per cent increase to account for the majority of growth across Abu Dhabi Airports' businesses last year, while the services sector posted a 15.2 per cent rise, of which 26.8 per cent was fueled by airport advertising.
"The continued success of Abu Dhabi Airports is driven by the growth of the national airline," said Ali Majed Al Mansoori, chairman of Abu Dhabi Airports.
- business@khaleejtimes.com 


More news from Business