BAHRAIN. Bahrain Airport Company (BAC) has signed two concession agreements for core category duty free and airside speciality retail with Bahrain Duty Free Company (BDFC), covering the new passenger terminal, which opens in 2020. The duty free agreement runs for 15 years and the speciality retail contract for ten. The move confirms awards that were announced in November 2018. Bahrain Duty Free is a public quoted company managed by Aer Rianta International-Middle East.
The agreement was signed by His Excellency the Minister of Transportation and Telecommunications and BAC Chairman Eng. Kamal bin Ahmed Mohammed and BDFC Chairman Farouk Yousuf Almoayyed. Also at the signing ceremony were BAC Chief Executive Officer Mohamed Yousif Al Binfalah, Gulf Air Group Holding (GFG) Chief Executive Officer Paul Kehoe, and other officials from all three companies.
HE the Minister said: “We look forward to working with BDFC to improve the shopping experience for passengers at the new terminal. Most airports are places that travellers have to go through; this is an airport we hope they will want to go to. The new duty free area will be four times larger than the existing terminal and retail areas will be three times bigger, offering passengers more variety and transforming Bahrain International Airport into a key commercial hub.
“Duty free shopping is one of the most popular parts of the airport experience and we are confident that passengers will appreciate the enhanced selection of goods and competitive prices. With the launch of the new terminal in 2020, we look forward to delivering a hassle-free airport experience that offers comfort, connections and character.”
Farouk Yousuf Almoayyed said: “Bahrain Duty Free Company is honoured to extend our longstanding relationship with Bahrain Airport Company. The new Passenger Terminal Building is one of the most important infrastructural developments in the Kingdom of Bahrain. As a proud Bahraini company, we look forward to offering an entirely new retail experience to passengers travelling through the new facility.”
The new Bahrain Duty Free area will house 30 leading brands entering Bahrain for the first time, and will offering fashion, accessories, eyewear, toys, electronics, perfumes & cosmetics, gold, tobacco and confectionery.
GFG and BDFC established a joint venture in 2018 to invest in both the arrival and departure terminals to increase the contribution of the aviation sector to the local economy, in line with the objectives of Bahrain’s Economic Vision 2030.
NOTE TO AIRPORT OPERATORS: The Moodie Davitt Report is the industry’s most popular channel for launching commercial proposals and for publishing the results. If you wish to promote an Expression of Interest, Request for Proposals or full tender process for any sector of airport revenues, simply e-mail Martin Moodie at Martin@MoodieDavittReport.com.
We have a variety of options that will ensure you reach the widest, most high-quality concessionaire/retailer/operator base in the industry – globally and immediately.
Similarly The Moodie Davitt Report is the only international business intelligence service and industry media to cover all airport consumer services, revenue generating and otherwise. We embrace all airport non-aeronautical revenues, including property, passenger lounges, car parking, hotels, hospital and other medical facilities, the Internet, advertising and related revenue streams.
Please send relevant material, including images, to Martin Moodie at Martin@MoodieDavittReport.com for instant, quality global coverage.
