ADNOC Distribution Global Company (ADGC) has announced a new franchise agreement with Al Olalibi Group to operate fuel service service stations in Saudi Arabia.
The 15 year agreement will initially see 20 stations operating in key locations in Riyadh, Makkah and Al Madina under the ADNOC brand, the company said. ADNOC Distribution Global Company will also provide technical and engineering consultancy towards the construction, operation and management for the new service stations, while also offering expertise in retail, training, marketing and customer services.
"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. Eid Abdul Hadi Al Olalibi, General Manager of ADGC. "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. 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," he added.