PAC wins bid for airport Duty Free. $74 million going into Treasury in the first of four years

Phoenicia Aer Rianta (PAC), chaired by Mohammad Zeidan, won the auction to run Beirut Rafic Hariri International Airport Duty Free Zone. The contract is over four years, at a value of $74 million.

Jean Ellieh, General Director of the Department of Tenders, said that the value of the contract is divided into two parts: The fixed amount which is $45 million, in addition to a fee per passenger ($3.25).

"8.5 million passengers passed through the airport last year, bringing the total v...

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