The Egyptian Minister of Civil Aviation, Dr. Sameh Al-Hefni, presided over the signing ceremony of the contract for the occupation and operation of duty-free shops at Sharm El-Sheikh International Airport's terminal 2. The contract was awarded to EgyptAir Duty Free after the company won a bid launched by the Egyptian Airports Company. Several competing companies had participated in the bidding process. The contract was signed by Wael Al-Nashar, CEO of the Egyptian Airports Company, and Amr Mahmoud Ahmed, CEO of EgyptAir Duty Free.
The ceremony was attended by Sameh Fawzi, President of the Civil Aviation Authority, Aiman Arab, President of the Egyptian Airports and Air Navigation Holding Company, and several high-ranking officials from the civil aviation sector. Dr. Sameh Al-Hefni stated that his ministry is implementing an integrated vision to optimize the economic returns of commercial activities at Egyptian airports. This approach aims to expand investment opportunities and utilize the expertise of national companies to diversify revenue sources and improve asset utilization.
The minister emphasized that developing commercial activities and services is a priority for his ministry, in line with international standards and best practices. This orientation aims to enhance the attractiveness of Egyptian airports and improve the travel experience. He highlighted the strategic importance of Sharm El-Sheikh International Airport as a major international tourist destination in Egypt. The minister stressed the need to diversify and modernize services to meet international traffic requirements and passenger expectations.
Wael Al-Nashar, CEO of the Egyptian Airports Company, explained that the contract is part of his company's program to optimize the utilization of available assets and resources at its various airport platforms. He stated that this approach includes opening new investment opportunities, in compliance with regulations and procedures, to ensure the best economic returns and develop commercial activities and services. Al-Nashar also noted that Sharm El-Sheikh International Airport is a primary gateway for international tourism in Egypt, emphasizing the need to continue developing its services and commercial activities.
The contract awarded to EgyptAir Duty Free is for a duration of five years. The company will operate duty-free shops at terminal 2 of Sharm El-Sheikh International Airport. This development is expected to enhance the airport's commercial activities and improve the shopping experience for passengers. The Egyptian Airports Company aims to maximize economic returns from its airport assets through this partnership.
The growth of commercial activities at Egyptian airports is a key aspect of the country's aviation strategy. By expanding investment opportunities and modernizing services, the government aims to increase revenue and improve the competitiveness of Egyptian airports. The partnership between EgyptAir Duty Free and the Egyptian Airports Company is seen as a step in this direction.
The development of Sharm El-Sheikh International Airport is crucial for Egypt's tourism industry. As a major tourist destination, the airport's services and facilities play a significant role in shaping the travel experience. The contract awarded to EgyptAir Duty Free is expected to contribute to the airport's growth and enhance its reputation as a premier tourist gateway.
Key points
- EgyptAir Duty Free has won a five-year contract to operate duty-free shops at Sharm El-Sheikh International Airport's terminal 2.
- The contract aims to optimize economic returns and improve commercial activities at the airport.
- The development of Sharm El-Sheikh International Airport is crucial for Egypt's tourism industry.
