In a recent ranking list released by Arabian Business Magazine, Dubai Duty Free’s Executive Vice Chairman and CEO, Colm McLoughlin was named as one of Dubai’s 100 Most Influential People in the Emirate.
The Arabian Business Magazine Dubai 100 list, which is compiled by the ITP publication, selects 100 people whose impact on the Dubai story cannot be disputed. The entries were chosen based on their position, the impact that their work has on the people living in Dubai and their power to influence decisions and the population’s views. Members of the Dubai Royal family and government ministers were excluded.
Appearing at number 16, McLoughlin was praised for his massive influence on airport retailing since first arriving in Dubai 34 years ago as the head of the one of the largest duty free operators in the world – Dubai Duty Free. Under his guidance, the operation recorded $1.85bn worth of sales in 2016, compared to $20m in the first year of operation in 1984.
Commenting on his inclusion in the list, Dubai Duty Free’s Executive Vice Chairman and CEO, Colm McLoughlin said: “I am thrilled to represent Dubai Duty Free on a list that includes many people that I know well and admire. Any recognition that I receive is down to the support that I receive from our 6,000 employees at Dubai Duty Free as well as from my own boss, HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman of Dubai Duty Free.”
McLoughlin was the second Irishman to be recognised amongst a wide mix of nationalities and names from the world of retail, banking, aviation, hospitality, social media and education. Among others listed in the Top 100 are Mohamed Alabbar (Emaar/Noon), Sir Tim Clark (Emirates Airline), Paul Griffiths (Dubai Airports), Khalaf Al Habtoor (Al Habtoor Group), Gerald Lawless (Dubai Holdings) and Patrick Chalhoub (Chalhoub Group) to name a few.
Part of the Investment Corporation of Dubai, Dubai Duty Free currently operates over 36,000 sq m of retail space at Dubai International Airport and 2,500 sq m at Al Maktoum International, which is set to grow to 80,000 sq m. At present, Dubai Duty Free employs almost 6,000 people. The airport retailer marked its 33rd anniversary last year by offering a 25 percent discount at its stores, which enticed a spending spree at both airports, with total sales reaching $44.33m in just three days.