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ENOC Retail eyes 40% growth in network capacity

ENOC Retail eyes 40% growth in network capacity
Photo Credit: Arabianeye-Reuters

Dubai-Mubasher: The retail business segment of Emirates National Oil Co. (ENOC) plans to increase capacity by 40% between 2016 and 2020 across its network of service stations in the UAE.

The growth plans include ongoing renovation of two major service stations in Dubai Internet City and Oud Metha and the construction of 54 more stations in Dubai.

The expansion will meet ENOC’s long-term strategic objectives which are aligned with the Dubai Plan 2021 of creating a ‘Smart & Sustainable City’ for ‘Happy, Creative & Empowered People’.

“We are looking at an increased growth over the next few years as ENOC expands and aims to be an international integrated oil & gas player,” said Burhan Al Hashemi, managing director of ENOC Retail.

“Our service station expansion programme is part of our growth strategy and we hope to alleviate some of the issues for our valued customers as we innovate to implement new technologies to promote sustainability, enhance customer experience and ensure the highest standards of health and safety,” he added.

The renovated service stations will ensure safety, easier entry and reduced queuing at pumps. In addition to more dispensers, these stations will also have fully-fledged automotive services and retail stores, including ZOOM and Autopro.

In terms of new builds, ENOC currently has seven stations under construction in Al Barsha South 1st and 4th, Al Ruwaiyah, Warsan 3rd, Al Sofouh, Discovery Gardens, and Oud Metha. Additional locations planned for 2016 and 2017 include eight stations across Jumeirah Village, Dubai Investment Park 1st, Al Marmum, Nad Al Sheba, Dubai Industrial City 3rd, Al Lusaily, Dubai Al Ain road and Hatta.

ENOC Retail is currently operating a network of over 112 service stations in Dubai and the Northern Emirates Regionally. The company currently has three service stations in Saudi Arabia, with plans to build 11 more in 2016.