Emirates National Oil Company (ENOC) highlights its diversified business model and value creation to Dubai’s economy at the third Annual Investment Meeting (AIM), held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, from April 30 to May 2, 2013, at the Dubai International Convention Centre.
An initiative of the Ministry of Foreign Trade with the Investment Corporation of Dubai as a key partner, the AIM is the region’s largest of its kind, emerging markets FDI-focused events. It serves as a platform for strategic networking, exposure to the latest investment trends, exchange business development opportunities and share & gain industry insights. High-level government dignitaries, senior officials and business leaders from the Middle East, Africa, Asia and Russia and other parts of the world are expected to attend the forum.
A wholly-owned entity of the Dubai Government, ENOC takes part in the AIM exhibition to put the spotlight on its different business, core products and services that add value to the economy, the fast-growing geographic footprint and partnership opportunities in emerging markets.
The ENOC pavilion provides a comprehensive overview of how ENOC has been the partner ‘behind every successful journey,’ covering its businesses including the Supply, Trading & Processing fuel and petroleum products, the terminal business, various marketing initiatives including aviation fuel, lubes, chemicals and industrial products, retail operations and other ventures.
Saeed Khoory, Chief Executive Officer of ENOC, said: “The Annual Investment Meeting is a strong platform that not only underlines the emergence of Dubai as a regional driver of business and investments but also promotes new industry partnerships. ENOC has been a significant contributor to Dubai’s growth, and today, we have evolved further as a fully diversified business entity. We are aggressively expanding to new geographies, taking our business model to other emerging markets, and building partnerships.”
He added: “Through our participation at the AIM exhibition, we want to highlight the investment and partnership opportunities that ENOC will support. This includes not only the fuel and terminal business, but also into newer lines such as franchising our retail concepts. We see tremendous potential in the emerging markets, particularly in the Middle East and Africa.
“We also want to demonstrate how ENOC contributes to the Dubai’s economy, as well as our thought leadership in promoting sustainable growth through initiatives such as the Middle East’s first green fuel station and our focus on promoting the use of compressed natural gas as automotive fuel.
“We are confident that the Annual Investment Meeting will set new milestones in promoting investments. We thank the Government of Dubai and ICD for the opportunity to be part of this prestigious event, which will further enhance our outreach to global investors and businesses.”
With several significant partnerships and deals being derived out of the second AIM in 2012, this year’s edition is expected to attract an even wider audience and lead to several new agreements that will promote the UAE’s trade and foster investment-led partnerships. Seminars, site tours, country presentations, one-to-one and high-level meetings, networking events and capacity building workshops are among the array of activities at AIM.
As Dubai’s leader in condensate refining, and supply and distribution of fuel products, ENOC today has a strong presence in markets ranging from Singapore to Africa through its different businesses. Its terminalling business has network of nine terminals located in various markets, including the UAE, Saudi Arabia, South Korea, Morocco, Djibouti, and Singapore.
ENOC is not only the leading petroleum retailing leader in the UAE but has also expanded to franchising its successful convenience stores concept, bakery & cafe, automotive services, as well as car testing and registration facilities across the Middle East. The company’s Marketing business segment, likewise, has expanded geographically providing Gas Products, Industrial Products, Aviation Fuels and Lubricants.