Travelex undertakes major expansion across UAE

FX company to launch 13 new stores in Abu Dhabi and Dubai airports

Travelex, a foreign exchange company founded by Lloyd Dorfman and headquartered in the UK, is broadening its presence in the UAE with the launch of 13 new stores across Abu Dhabi and Dubai airports.

At Zayed International Airport in the UAE capital, Travelex is doubling its store footprint from seven to 14 stores, including six new on-the-move (OTM) kiosks at arrivals baggage, airside departures and pre-immigration points, plus one new traditional store.

The new store will offer a cash management service that will enable the airport’s businesses to process cash, as well as traditional consumer cash services, with access to 62 currencies.

The new stores reflect the growing passenger demand and customer requirements of the UAE’s newest airport.

At Dubai International (DXB), Travelex is in the process of launching six new stores across all three terminals, including new traditional stores and stores upgraded from OTMS.

The 13 new stores across Abu Dhabi and Dubai mean Travelex will be operating a total of 60 locations across the country.

The latest IATA figures show that Middle Eastern airlines saw a 9.6% year-on-year increase in demand for June 2024, while capacity increased 9.4% year-on-year.

Batu Dölay, Managing Director, Travelex Middle East and Türkiye said: “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.”