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Dubai’s ENOC to add 110 new petrol stations in Saudi by 2030, create 500 jobs

Dubai’s ENOC to add 110 new petrol stations in Saudi by 2030, create 500 jobs

The new service stations will be located in different areas across the kingdom

Dubai-based ENOC group has announced plans to boost its services in Saudi Arabia to meet the growing fuel station demand in the kingdom.

The group’s retail arm will increase its service station network by more than eight fold by 2030 to reach 124 stations from 14 at present, it said in a statement.

The new service stations will be located in different areas across the kingdom covering the east, west and central regions.

Over the next five years, ENOC plans to open 45 new service stations.

From 2024 to 2028, the group plans to open 65 new ENOC stations.

All the upcoming service stations in the kingdom will have provisions for solar PV panels to be installed on the roof of the canopy. The stations will also have fully integrated digital wall displays on forecourt columns and Zoom convenience store entrances.

Through its expansion plans, ENOC said it will provide employment to over 500 people across the kingdom.

Saif Humaid Al Falasi, Group CEO, ENOC, said: “Our growth plans for the Saudi market come as part of the group’s retail expansion strategy aimed at not only boosting domestic economic sentiment but also providing an impetus to our international growth plans.

“We strongly represent continued foreign investments into the kingdom that rose by 110 per cent in 2018 to reflect the country’s diversification to non-oil industry trade between countries through goods and consumer products.

“This is an important milestone in our geographic expansion to Saudi Arabia.”

At the end of last year, ENOC unveiled a five-year plan for its retail expansion in Saudi Arabia.

It plans to open three new service stations by end of 2019, and a further 10 by end of 2020.

The Saudi government aims for 1,200 fuel stations to be built across the kingdom in the coming years.

ENOC will face competition from Abu Dhabi’s ADNOC and a joint venture between Saudi Aramco and France’s Total announced last year.

Read: Saudi Aramco, Total sign deals for $9bn petrochem complex, fuel station venture

 

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