Adnoc Distribution signs franchise deal with Al Olaibi
Abu Dhabi, June 11, 2014
Adnoc Distribution Global Company (ADGC) has signed a franchise deal with Saudi Arabian Al Olaibi Group, a leader in distribution and transportation of petroleum products in the kingdom.
The first phase of the 15-year franchise deal includes operating 20 service stations across key locations in Riyadh, Makkah and Madinah under the trademark and brand name of ADGC, said a statement.
Under the agreement, ADGC will also provide technical and engineering consultancy towards the construction, operation and management for the new service stations.
It will additionally offer Al Olaibi its expertise in retail, training, marketing and customer services.
The deal aims at promoting stronger economic co-operation between the UAE and Saudi Arabia. It also articulates ADGC’s plan to expand its service station network and enhance its technical expertise beyond the UAE.
Abdulla Salem Al Dhaheri, chairman of ADGC, said: "Saudi Arabia is one of the most significant and strategic markets in the region. We are pleased to enter the Saudi market through our association with the Al Olalibi Group.
“The partnership reaffirms Adnoc Distribution Global Company’s leadership role in petroleum products supplies and validates customer confidence in our products and services. This agreement also marks a positive step in our efforts to strengthen cooperation among our companies working in the area of petroleum product distribution and service station management in Saudi Arabia."
Eid Abdul Hadi Al Olaibi, general manager, Al Olaibi Service Station Operation and Management Company, said: "ADGC holds proven market experience in the management and operation of service stations that are on par with global standards.
"This alliance will enhance the reputation of our high quality services across key locations in Saudi Arabia. We are keen to develop and expand this partnership in the country through endorsing international best practices in trade, service security, health and safety." - TradeArabia News Service