Travelex, the renowned foreign exchange company founded by Lloyd Dorfman and based in the UK, is significantly expanding its presence in the United Arab Emirates (UAE) with plans to open 13 new stores at Abu Dhabi and Dubai airports.
In Abu Dhabi, Travelex will double its footprint at Zayed International Airport from seven to 14 stores. This expansion includes six new on-the-move (OTM) kiosks located at arrivals baggage, airside departures, and pre-immigration points, along with one traditional store. The new outlet will feature a cash management service, enabling airport businesses to process cash transactions, in addition to offering traditional consumer cash services with access to 62 different currencies.
The decision to expand is in response to growing passenger demand and the evolving needs of customers at the UAE’s latest airport.
At Dubai International Airport (DXB), Travelex is also set to launch six new stores across all three terminals. This includes both new traditional stores and upgraded OTM kiosks, enhancing the foreign exchange services available to travelers.
With the addition of these 13 new stores, Travelex will operate a total of 60 locations throughout the UAE, reinforcing its commitment to providing exceptional service to travelers.
Recent figures from the International Air Transport Association (IATA) indicate that Middle Eastern airlines experienced a 9.6% year-on-year increase in passenger demand for June 2024, with capacity rising by 9.4% over the same period.
Batu Dölay, Managing Director of Travelex Middle East and Türkiye, expressed excitement about the expansion: “We’re delighted to be expanding our presence at two of the most exciting and dynamic airports in the world. This investment reflects the growing global reach and passenger numbers of our UAE airport partners and our commitment to providing even greater access to international travel money than ever before.”
With these developments, Travelex aims to enhance the overall travel experience for passengers and meet the increasing demand for foreign exchange services in the region.
