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FINANCIAL NEWS
Dubai’s Enoc to post inorganic growth in 2014
06 Mar 2014
(MENAFN) Dubai-based fuel retailer Emirates National Oil Company (Enoc) intends to register an inorganic growth this year, said a senior company official, according to the Emirates 24/7.
Enoc Chief Executive Officer Saeed Khoory, said: “We will continue to work with the government to serve as the energy partner “behind every successful journey”. The support of the Government in providing fuel at subsidised rates will continue to be relevant.”
Khoory added: “Our strategic priority for 2014 is to explore new opportunities for inorganic growth led by our expansion to new geographies and developing compelling initiatives to bolster all-round growth. We aim to leverage the positive macroeconomic conditions in Dubai and other key markets to aggressively grow market share and increase product volumes.”
Eroc plans to increase profitability through its capital investment program and driving fast execution of critical projects.
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