Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is open to boosting its presence in new markets depending on commercial viability and regulations, the company’s chief executive has said.
Entry into a new country will depend on factors such as demographics, the regulatory framework and potential financial returns, Bader Al Lamki told The National in an interview on Tuesday.
As part of its five-year growth strategy, Adnoc Distribution plans to run a total of 1,000 stations in the UAE, Saudi Arabia and Egypt by 2028, up from 840 in 2023.
“Jumping to 1,000 would be within our current core market but we are also open to exploring new markets, as long as the opportunity makes commercial sense and it is demonstrated that the market is ready,” Mr Al Lamki said.
Within the UAE, Adnoc Distribution has the “lion’s share” of service stations but the company will continue to focus on Dubai and the Northern Emirates, he added.
"We do have a good spread of stations across all seven emirates and we will continue to expand ... the Dubai market is very important and Northern Emirates is equally important as well," Mr Al Lamki said.
Full story at Adnoc Distribution open to expansion in new markets, CEO says (thenationalnews.com)
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