Clyde & Co successfully advised its client, the Aer Rianta International group (ARI), on its award of a ten year contract to operate a duty free section at Abu Dhabi International Airport's new Midfield terminal building. Clyde & Co, the region's largest international law firm, provided corporate structuring and contractual advice to ARI, together with on-the-ground guidance on the legalities and practicalities of the project.
ARI operates duty free outlets in Europe, the Middle East, North America and New Zealand and employ more than 3,500 people globally. ARI will design and operate the perfumes, cosmetics, skincare, sunglasses and jewellery sections at the new Midfield terminal building, whichis due to open in December 2017.
Relationship partner and MENA Regional Head of Corporate, Niall O'Toole said: "We are delighted to have assisted Aer Rianta International in this exciting venture which relates to one of the Middle East's most ambitious infrastructure projects, the Abu Dhabi International Airport Midfield Terminal. Not only does this demonstrate the lucrative business opportunities for international operators in the United Arab Emirates and the wider region, but also the value placed on the experience of ARI as a driving force in the duty free retail market."
Clyde & Co's team was led by Niall O'Toole (Partner) and Stephen McKenna (Senior Associate) and included Rajiv Nawbatt (Associate).
Clyde & Co has more than 60 corporate and commercial partners worldwide. The team supports the firm's clients across its five core global sectors of energy, infrastructure, trade and commodities, insurance and transportation.