Enoc planning to open 45 fuel stations in Saudi Arabia over five years
Dubai-based Emirates National Oil Company will build 45 new service stations in Saudi Arabia over the next five years, as the Kingdom's privatisation efforts attract UAE-based fuel retailers. Enoc Group's plans for Saudi Arabia, starting with the capital Riyadh and the Eastern Province, come as part of efforts to expand its retail network by over 220% over the next five years in Saudi Arabia, CEO Saif Al Falasi said in a statement on Monday. All 45 of the fuel stations will be built along the vast network of highways that connect 13 provinces and will serve as a major logistics and trade land corridor. Enoc is not the only UAE-based retailer to make forays into the Saudi market, where the Municipal and Rural Affairs Ministry plans to roll out 1,200 petrol stations.
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