CTG Duty Free stock: Oman deal broadens travel retail ties

CTG Duty-Free and Oman Duty Free signed a memorandum of understanding on November 3, 2026, to explore cooperation in travel retail. Duty Free News International reported that the partnership will cover merchandise supply, franchising and passenger experience.

Partnership targets Oman travel retail

The agreement followed a meeting in China between CTG Duty-Free Executive Director and President Luke Chang and Oman Duty Free CEO Sayyid Nasr Albusaidi. The talks highlighted the Middle East as a potential growth market for travel retail and Oman Duty Free's role as the country's national duty-free platform.

China Duty Free International General Manager Giovanna Dou and Albusaidi signed the memorandum on behalf of their companies. The partners plan to share practices in duty-free planning, store operations, category management and passenger experience.

The cooperation will also examine merchandise supply and franchising opportunities. The stated aim is to strengthen Oman's travel retail offer and increase the commercial potential of its ports and travel hubs.

Joint group to guide implementation

The companies intend to establish a joint working group to support further cooperation. For investors, the agreement points to an effort to extend CTG Duty-Free's travel retail relationships beyond its established Chinese operations, although the announcement did not disclose financial targets or binding sales commitments.

Market developments can be followed in the Euro Stoxx 50.