Autogrill Expands Presence in the Gulf
Autogrill subsidiary HMSHost International is extending its presence in the GCC region by opening a new outlet at Hamad International Airport (HIA) in Doha and expanding operations at Abu Dhabi International Airport which is home to the Emirate's flag airline, Etihad.
At Abu Dhabi Airport, hub of flag airline Etihad Airways, the Italian catering group is strengthening its presence, having opened its first six points of sale two years ago and later added another two. HMSHost International, again in a joint venture with Emirates Capital, has in fact won a contract for 11 points of sale forming part of the foodservice offering in the new terminal now under construction. These points of sale are scheduled to open by the end of 2017. The value of these contracts is nearly €164m over an average of seven and a half years depending on the duration of the agreements.
In Qatar, at Hamad Airport, hub of flag airline Qatar Airways, HMSHost International will operate, in a joint venture with Emirates Capital, four points of sale that will open in the second half of 2016, with estimated total revenues in excess of €80m over the 7-year contract term.
“This new partnership in Qatar with one of the fastest growing airports in the Gulf region and the agreement for 11 new points of sale at Abu Dhabi with one of our strategic partners represent a significant step forward in our growth strategy for the dynamic, fast growing Middle East market,” commented HMSHost International CEO Walter Seib.
 The joint venture between Autogrill Middle East LLC and Emirates Capital is consolidated on an equity basis.