Omani fuel marketing company, Oman Oil Marketing Company (OOMCO) has signed a Memorandum of Understanding (MoU) with Saudi Arabia-based real estate investment and development company Tamiyoz to facilitate the expansion of OOMCO service stations across the Kingdom.
OOMCO currently operates 10 sites in eastern and western Saudi Arabia, with 16 stations in the pipeline across the country. The agreement will see further growth of OOMCO’s footprint in the eastern and western, and southern regions of Saudi Arabia.
Tarik Al Junaidi CEO – OOMCO
“We’re delighted to partner with Tamiyoz to grow our footprint in the Kingdom of Saudi Arabia. This is an important step in our global expansion and in advancing our plans to operate a total of 26 fuel stations across the Kingdom of Saudi Arabia by the end of 2023. We look forward to working with Tamiyoz to create new employment opportunities and rewarding business ventures for local suppliers, as well as offering customers innovative products that provide them with convenience, variety, and joy, and offer much more than only fuel to become a highly-anticipated element of each journey.”
OOMCO continues to expand its global footprint and strengthen bilateral ties with Oman’s neighboring countries, the company said.
According to the statement, “In addition to the 10 service stations in operation in Saudi Arabia, the company also operates nine sites in Tanzania, and a comprehensive network across the Sultanate of Oman, as OOMCO continues to prioritize customer-centricity in order to become one of the top five fuel marketers in the GCC by 2027.”
Earlier this year, OOMCO opened its newest facility in Mecca, as well as revealed plans for five additional sites within the greater Jeddah area.
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