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Middle East travel retail markets bounce back
DUBAI - According to the chief executive officer of Kuwait Duty Free, Anthony Chalhoub, the Middle East's travel retail markets are bouncing back after a tumultuous year when the industry was adversely affected by both SARS and the war in Iraq.
Chalhoub, who is to head a Kuwait delegation to the Middle East Exclusive Duty free show in Dubai said Kuwait Duty Free had anticipated a quick recovery from the tensions in the region and had geared itself to promote growth immediately after the end of the major regional conflict.
"Confidence in the resilience of the region's markets paid dividends as consumer sentiment struck a positive note during the summer, the major vacation and travel period of the year," he explained.
A three-man delegation from Kuwait Duty Free, to be led by Chalhoub, will be looking to source new products at Middle East Exclusive scheduled from December 1-3 this year at the Dubai World Trade Centre.
Middle East Exclusive is being held under the patronage of Shaikh Ahmed bin Saeed Al Maktoum, President, Department of Civil Aviation, Government of Dubai and Chairman of the Emirates Group. The show is supported by Dubai Duty Free and the Middle East Duty Free Association (MEDFA).
Chalhoub said: "We believe this event provides a platform for travel retail businesses in the Middle East to interact with a variety of vendors of high quality, branded, travel-retail related merchandise, distribution agents, representatives from airlines, cruise lines, high-end departmental stores as well as agents of products not normally represented at other trade-shows."
To date, exhibitors from Europe, the Far East, the Indian sub-continent, Russia, the USA and the Middle East have contracted for Middle East Exclusive, which is organised by Channels Exhibitions. It also includes new companies such as Belgium's award-winning luxury biscuit manufacturer Jules Destrooper,as well as a number of regionally-based companies which are looking to extend their reach within duty frees, such as Swiss Arabian Perfumes and Caviar Classic.
Associated with Middle East Exclusive is a duty free conference organised by MEDFA for December 3 and 4 and the invitational Dubai Duty Free Golf World Cup.
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