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Australian Company James Richardson to pay NIS 4b for duty-free shops

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Sunday, August 4th, 2013

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As reported in Globes: James Richardson won the tender to operate the duty free shops at Ben Gurion Airport for seven years.

James Richardson Ltd. today won the Israel Airports Authority tender for the operation of duty-free shops at Ben Gurion Airport. Sources inform ”Globes” that the company won the tender with a bid of $160 million a year (NIS 576 million), amounting to NIS 4 billion over the seven-year franchise period.

The money will be paid as rent for the shops at the airport, and reflect the especially high proceeds by duty-free shops.