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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]
Dubai Duty Free has seen significant growth and development in the past years and was named the single largest airport retailer in the world in terms of revenue, based on the years 2008–10 [8] and 2013. [9] The Dubai Duty Free employs over 6,100 staff of 47 nationalities, including 25 of its original 100 staff recruited in 1983. [10]
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
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There are more than 20 Free Zones operating in Dubai, which include the following: Dubai Airport Free Zone [9] Dubai Design District [10] Dubai Healthcare City [11] Dubai International Academic City [12] Dubai Internet City [13] Dubai International Financial Centre [14] Dubai Knowledge Park [15] Dubai Maritime City [16] Dubai Media City [17]
In 1960, American entrepreneurs Charles Feeney [5] and Robert Warren Miller [6] founded Tourists International, which later became Duty Free Shoppers (DFS), in Hong Kong.In 1962, two DFS stores were opened at the international airports in Hong Kong and Honolulu, the first duty-free shop in the United States.
City Centre Mirdif is a shopping mall in the residential area of Mirdif, in Dubai, United Arab Emirates. It opened on 26 March 2010, and is developed and managed by Majid Al Futtaim Properties. City Centre Mirdif has a gross leasable area of 196,000 m 2 and houses 465 retail stores.
In 1970, a new airport terminal building was constructed which included Dubai's first duty-free shops. [47] Throughout the 1960s Dubai was the centre of a lively gold trade, with 1968 imports of gold at some £56 million.