The UAE-based ENOC Group has announced major expansion plans to build 45 new service stations in Saudi Arabia over the next five years
ENOC’s plans are aligned with the Ministry of Municipal and Rural Affairs’ plan, which aim for the construction of more than 1,200 petrol stations across the kingdom.
All 45 ENOC service stations will be strategically built on the kingdom’s vast network of highways that inter-connect the 13 provinces and serve as a major logistics and trade land-corridor, connecting the kingdom to the rest of the GCC and the Middle East region.
Over the next two years, ENOC plans to focus on building stations in the Central Region, mainly Riyadh and the Eastern province.
Saif Humaid Al Falasi, group CEO of ENOC, said, “With Saudi Arabia’s long-term vision to diversify its economy, boost tourism and infrastructure and enhance business and trade, our plan to expand our retail network by over 220 per cent in the next five years is aligned with the Saudi Vision 2030, which aims to reduce oil dependency, increase privatisation and implement the Saudi nationalisation scheme.”
“Our 40-year heritage in building and operating best-in-class service stations across the UAE and Saudi Arabia are the testament to our ability to build the infrastructure required for a robust network of service stations that will cater to the increased demand for fuel in the Kingdom,” added Al Falasi.
ENOC will not only ensure extending its retail network to cater to rural parts of the kingdom but will also provide employment opportunities to Saudi nationals.
ENOC currently operates 14 stations across the kingdom. The Group’s future service stations will also include ZOOM convenience stores. Customers will also enjoy a variety of retail outlets such as Pronto.
The Kingdom of Saudi Arabia is the GCC’s largest market, spanning 2.15mn sq km and is home to more than 33mn residents. Saudi Arabia has announced deals worth US$50bn in oil, gas and infrastructure services at the recently held Future Investment Initiative in Riyadh to enhance the Kingdom’s society, economy and nation.
