James Richardson to pay NIS 4 billion ($1.1 Billion) for duty-free shops in Israel

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James Richardson won the tender to operate the duty free shops at Ben Gurion Airport for seven years.

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/ By Ilanit Hayut /

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 ($1.1 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.
Published by www.globes-online.com