Emirates National Oil Company (Enoc) has announced plans to build 45 new service stations in Saudi Arabia, days after state-owned Abu Dhabi National Oil Company (Adnoc) made its Saudi debut with two new service stations.
According to a statement, Enoc's new stations will be “strategically built on the kingdom’s vast network of highways" that connect the country’s 13 provinces and link Saudi to the rest of the GCC and the Middle East.
While all facilities will be built over the next five years, state-owned Enoc said the next two years will see it focus efforts on building stations in the central region, mainly in Riyadh and the Eastern Province.
Speaking on the news, Enoc’s group chief executive officer, HE Saif Humaid Al Falasi, 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% 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.”
Enoc, which currently operates 14 stations across Saudi Arabia, said the expansion “not only ensures extending its retail network to cater to rural parts of the kingdom, but will also provide employment opportunities to Saudi nationals”.
April this year saw Enoc reveal plans to build a ‘service station of the future’ in Dubai, in support of the company’s role in Expo 2020 Dubai after being appointed the event’s integrated energy partner.
The news comes days after after Adnoc Distribution, the fuel and convenience retailer arm of Adnoc Group, launched two service stations in the kingdom – one on the Riyadh-Dammam highway, 40km away from Riyadh, and the other Al Ahsa Governorate’s city of Hofuf.