ADNOC Distribution, the UAE’s leading fuel and distribution company, announced that it aims to expand its network of stations in the UAE, Egypt and Saudi Arabia, and launch fast chargers for electric cars as part of its strategic plan for expansion and growth over the next five years.
For his part, Eng. Bader Al Lamki, CEO of ADNOC Distribution, confirmed that the company aims to expand its network of stations from 840 stations in the UAE, Egypt and Saudi Arabia currently to about 1,000 stations over the next five years.
Al Lamki said in a statement to the official Emirates News Agency, on the sidelines of the second and final day of the Made in the Emirates Forum, that ADNOC Distribution aims to launch between 15 and 20 new fuel stations during the current year in strategic locations that are easy to access, in addition to its plans to expand non-fuel retail services, as part of its efforts to become a leading company in the multi-energy sector.
He pointed out that ADNOC Distribution currently has 90 fast chargers for electric vehicles in strategic locations, and is looking to increase the number of fast chargers to 150-200 by the end of this year, while targeting the establishment of 500 fast electric chargers over the next five years as part of the company's vision to build a network of charging points across the UAE.
He pointed out that ADNOC Distribution has succeeded in achieving strong growth rates over the past five years, while successfully increasing its profits to significant levels, noting that the plan for the next five years will focus on continuing the growth approach inside and outside the UAE.
He explained that the company is focusing on two main aspects, the first of which includes fuel sales and expansion of stations, and the second focuses on investing in non-fuel retail services, which contributes to increasing returns.
The CEO of ADNOC Distribution said that the company focuses on smart growth in different markets, as we always follow up on investment opportunities and study the markets in search of profitable investment opportunities with good returns on investment, adding: We have aspirations for investments and acquisitions in other markets and we are constantly conducting studies and any of them will be announced as soon as all conditions are met.
Bader Al Lamki stressed the importance of the Made in the Emirates Forum, pointing out that ADNOC Distribution’s policy and strategy regarding the implementation of stations and growth plans is always with local partners from suppliers or manufacturers, as the percentage of suppliers and manufacturers of non-fuel parts for stations reaches about 70 percent, and we continue to work on increasing this percentage in the coming period.
He pointed out that ADNOC oils are produced in the UAE and exported to 40 countries around the world, while we continue to work on expanding its presence in other countries in the future as our business grows during the coming period.
He pointed out that ADNOC Distribution has developed more than 20 initiatives supported by artificial intelligence to accelerate growth and enhance operational efficiency, such as the Fill & Go service and a smart system that uses the latest technologies to accurately predict the level of future demand for fuel, which contributes to improving the management of fuel delivery across our network of stations, through the use of specialized analyses.
