Oman Oil expands footprint in Saudi Arabia

As part of its commitment to its regional expansion strategy, Oman Oil Marketing Company (OOMCO) plans to add 14 one-stop-shop service stations in Saudi Arabia.

Through this expansion, OOMCO will be operating a total of 26 service stations in the kingdom by Q4 this year, the company informed.

The announcement came on the sidelines of a signing ceremony for a memorandum of understanding (MoU) between OOMCO and Tamiyoz for Fuel, a leading investment and development company for fuel stations in Saudi Arabia.

The MoU was signed by Tarik Mohammed al Junaidi, Chief Executive Officer of OOMCO, and Yousif Masoud al Saadi, Chief Executive Officer of Tamiyoz for Fuel.

Jaber Mansour al Wahaibi, General Manager of International Retail, Business Development, Strategic Planning, & Marketing and Digital at OOMCO, stated that the company’s unique selling proposition lies in large part in growing ‘beyond the pump’ and pursuing a customer-centric approach that applies to all our retail operations.

“Our successful business model is a source of competitive advantage that is transferable across the region and KSA, which is among the key growth markets for us.”

He added, “OOMCO aims to operate 26 stations across Saudi Arabia by the end of 2023. We partnered with Tamiyoz, a reputed Saudi-Arabia-based real estate investment and development company, to further facilitate this growth. This is in line with our aim to become one of the top five fuel marketers in the Gulf Cooperation Council by 2027.”

‘As it continues to grow, OOMCO’s service stations are rapidly becoming a destination of choice for premium fuel, food, beverages, and other convenient items and quality automotive services,’ OOMCO stated.

Yousif Masoud al Saadi, Chief Executive Officer of Tamiyoz for Fuel, said, “Saudi Arabia’s fast-growing population and a vibrant economy mean that there is a growing need for us to build and develop more service stations across the kingdom.

“We are pleased to work with Oman Oil Marketing Company as we are all committed to delivering high-quality products and customer service through these sites, which will also create more employment opportunities for local suppliers.”

OOMCO’s service stations provide customers with more than quality fuel and lubricants. Serving a wide variety of customer segments and as part of its non-fuel growth and retail transformation process, OOMCO has signed franchise agreements with leading global food and beverage brands and tied up with food delivery providers and internationally renowned logistics companies.