Fulfilling energy needs is a strategic cornerstone for growth

ENOC has long played an integral role in Dubai’s success. As we mark the 25^th anniversary of our organisation’s formation, we can look back on a history that amounts to much more than just supplying fuel.

Above all, for a quarter of a century, we have created value by helping to power the economy of Dubai and the UAE, supporting communities, and contributing to the nation’s global image and reputation as a leader on multiple fronts.

True to our roots and our beliefs, our strategic direction for the next five years has a clear focus on supporting the Dubai Plan 2021 and the UAE Energy Plan 2050. This roadmap to the future will guide our efforts to constantly enhance local energy capacity and supply.

The BP Energy Outlook forecasts a 49 percent increase in the Middle East’s energy consumption by 2035, and the United Nations projects that by 2030 the UAE’s population alone will rise by 18 percent to more than 11 million. Responding successfully to such shifts in the socio-economic environment will demand ingenuity, flexibility, and speed – qualities that ENOC possesses in full measure. Over the past five years, we have achieved rolling average growth of 9 percent, and our new strategy seeks not only to maintain this trend, but also to keep ahead of the demand curve.

Naturally, supplying Dubai’s energy needs is the first priority of the strategy. Secondly, we will continue to pursue integrated international expansion to enhance our organisation’s presence in key geographies. The third key focus is to create added value throughout our entire value chain, from upstream to finished product and point of sale.

That our interests are so intertwined with those of Dubai gives a very sound footing for achieving our goals. The Emirate’s economy is the most diverse in the region and is expected to maintain healthy growth over the next few years. ENOC is perfectly placed to benefit from the many opportunities that our home market will undoubtedly generate.

We have always received unwavering support from the Dubai and UAE governments, and we look forward to reciprocating in kind as our industry and our Group pass through a time of unprecedented transition.