Dubai Eye 103.8

On Air Now
Afternoons with Helen Farmer
1:00pm - 4:00pm

Listen To Dubai Eye

Exclusive: Dubai Duty Free CEO expects AED 5 billion in sales in 2022

Monday, 20 December 2021 07:28

By Ayush Narayanan

Dubai Duty Free

Dubai Duty Free expects to exceed AED 5.1 billion in sales and rehire 2,000 work staff in 2022.

That's according to Colm McLoughlin, CEO of the Dubai Duty Free, who confirmed this in an exclusive interview with Dubai Eye 103.8's Business Breakfast.

When the Dubai Duty Free started in 1983, they had 100 staff members and a business of AED 72 million. In comparison, the company recorded a sales figure of AED 7.2 billion in 2019.

With a positive outlook, McLoughlin looks past the dip caused by the pandemic.

As for staffing requirements, McLoughlin promises a massive hiring plan in the following months.

Dubai Airport recently re-opened all its infrastructure to keep up with the demand for travel.

With EXPO 2020 and a variety of campaigns from Dubai Tourism attracting visitors, passenger count milestones are also being crossed with ease.

The full interview is available below:

More from Business

UAE and Ukraine explore investment opportunities

The UAE and Ukraine have discussed investment opportunities in the European country, with a particular emphasis on infrastructure projects, under the Comprehensive Economic Partnership Agreement (CEPA) between the two nations.
DIFC records strongest-ever financial performance in 2024

Dubai International Financial Centre (DIFC) recorded its strongest-ever annual performance in 2024 thanks to combined revenues of AED 1.78 billion from almost 7,000 registered companies.
Dubai's Huda Beauty separates from Kayali brand

Dubai-based beauty moguls Huda and Mona Kattan have confirmed that brands Huda Beauty and Kayali are to operate separately, as private equity firm General Atlantic comes onboard to take ownership of the fragrance brand.
Tesla begins hiring in India after Musk and Modi meet

Electric vehicle maker Tesla has begun hiring in India, with the company of tycoon Elon Musk issuing advertisements days after US President Donald Trump's right-hand man met with India's premier.
UAE, Ukraine Presidents witness CEPA signing

President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Volodymyr Zelenskyy, President of Ukraine, on Monday attended the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries.

Coming Up on Dubai Eye

The Debrief
4:00pm - 7:00pm

Join Dane & Lucy on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.
The Score
7:00pm - 9:00pm

Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!