Lagardère Travel Retail wins a 1,834 m2 Duty Free concession in King Fahd International Airport in Dammam
Lagardère Travel Retail
Dammam (Saudi Arabia), November 14, 2016
A consortium led by Lagardère Travel Retail together with Saudi Airlines Catering Company (SACC), and Arabian Ground Handling Logistic Company, has been awarded the concession contract to operate 1,834 m2 of commercial space in King Fahd International Airport in Dammam.
The 5 year contract will provide Lagardère Travel Retail with the opportunity to operate, from 2017, two Aelia Duty Free stores – respectively 1,337 m2 and 479 m2 – offering, amongst others, perfumes, confectionery, foodstuff, electronics, fashion & luxury, watches & sunglasses, toys, local products and souvenirs.
In 2015, more than 5 million international passengers used Dammam King Fahd International Airport as their origin, destination or transit point.
Dag Rasmussen, Chairman and CEO of Lagardère Travel Retail stated: “Lagardère Travel Retail is extremely proud to be awarded a very significant concession in King Fahd International Airport in Dammam. This award is a mark of confidence from Dammam King Fahd International Airport and a proof of the success of our development strategy in the Middle-East. It is also a great illustration of the professionalism of our partners, who took a very active part in this achievement.”
Wajdy Al-Ghabban, CEO Saudi Airlines Catering added “The new contract of KFIA duty free is a continuation to our successful partnership, which already has resulted in GACA* to award us the concession to operate duty free shops in King Khalid International Airport’s Terminal 1 and Terminal 2 in Riyadh. It is clear that our co-operation is on a solid ground meeting the high expectations and international standards set by GACA.”
*GACA = General Authority of Civil Aviation
ABOUT LAGARDÈRE TRAVEL RETAIL:
One of the four divisions of Lagardère Group, Lagardère Travel Retail is a pioneering global leader in the travel retail industry. Operating 4,500 stores across Travel Essentials, Duty Free and Foodservice in airports, railway stations and other concessions in 30+ countries worldwide, Lagardère Travel Retail generates a €4 bn sales (managed 100%).
Lagardère Travel Retail has a unique holistic approach aimed at exceeding travelers’ expectations throughout their journey and optimizing landlords’ assets and partners’ brands.
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