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Dubai’s Emirates National Oil Company (ENOC) Group will expand its retail footprint by opening 22 new service stations across the UAE this year.
Nine of the outlets will open in Dubai, while ten others will be located in Sharjah and three more in the northern emirates, bringing the total number of ENOC stations to 158 by the end of 2020, the company said in a statement.
More service stations will also open to vehicle drivers next year, as the company aims to bolster its retail network from its existing 136 outlets to 193 across the country by end of 2021.
“Our expansion efforts are aligned with the UAE government to establish a robust infrastructure required to serve the UAE over the next 50 years, as directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE vice president and prime minister and ruler of Dubai,” said Saif Humaid Al Falasi, CEO of Enoc Group.
Last year, ENOC rolled out 10 service stations across the UAE.
The Dubai government-owned company, which caters to customers in more than 60 markets and employs 11,000 workers, secured a $690 million loan from a consortium of Chinese lenders last year.
The loan was intended to finance “general corporate purposes,” state news agency WAM reported.
(Writing by Cleofe Maceda; editing by Seban Scaria)
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© ZAWYA 2020
