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The opening of the Sheikh Rashid terminal at Dubai International Airport in 2000 saw the staff count at the various Dubai Duty Free locations throughout the airport rise to 900, which came with a 5,400 M 2 expansion of floor space. The turnover in 2001 rose to $222 million and in 2003, 20 years after it was established, finished off with a ...
Dubai Duty Free Company announced annual sales of Dhs5.9 billion (US$1.6 billion) in 2012, representing a 10 per cent increase on the previous year. In 2008, Dubai Duty Free doubled its retail space from 7,000 to 15,000 m 2 (75,000 to 161,000 sq ft) with the inauguration of the new Emirates Terminal 3 in October 2008.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: 100% foreign ownership of the enterprise
Free-trade zones in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are 26 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business ...
DAFZ was established in 1996. It came into being as a part of the Dubai government's strategic plan to make Dubai an investment-driven economy. Today, it is one of the fastest-growing and pioneering free zones in the region, contributing to around 4.7 percent of Dubai's gross domestic product) It allows international investors a completely duty-free business setup and execution of services ...
However, by the time the asphalt runway of Dubai Airport was constructed in 1965, opening Dubai to both regional and long-haul traffic, several foreign airlines were competing for landing rights. [42] In 1970, a new airport terminal building was constructed which included Dubai's first duty-free shops. [47]
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Dubai Duty Free – the company responsible for the duty-free operations at Dubai International Airport. DDF became the largest airport retailer in the world in terms of sales in 2012. [ 6 ] DDF represents over 5% of global duty-free sales, [ 7 ] generating 2014 revenues of $1.91 billion [ 8 ] and 2016 revenues of $1.85 billion. [ 9 ]