Russians Stop Spending In Dubai Duty Free Shops

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Translated by Ollie Richardson for Fort Russ

6th January, 2016


Vestifinance

The citizens of Russia have reduced spending in the duty free shops at the airports of Dubai, which in 2015 caused revenues of the company to decrease by $55 million, a UAE newspaper The National said on Wednesday.

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After several years of continuous growth of the company operating duty free in the airport, it was announced that the total sales figures had reduced by 1.5% in 2015. 

The reduction in purchases by Russians was due to the strengthening of the local currency, Dirham,  compared to the Euro, the Yuan and other currencies, wrote RIA “Novosti”.

“At the same time, there was a growth of purchases by other passengers, including people in countries of Africa, the Persian Gulf and India”, — said Vice-Chairman Colm McLaughlin.

Total sales in duty free shops at two airports in Dubai — Dubai International Airport and Al Maktoum Airport in 2015 amounted to $1.9 billion.

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