BUSINESS REPORTER
MUSCAT, NOV 6
Leading Omani fuel marketing company Oman Oil Marketing Company (OOMCO) has signed a Memorandum of Understanding (MOU) with Tamiyoz, a well-known real estate investment and development company based in the Kingdom of Saudi Arabia, to facilitate the expansion of OOMCO service stations across the Kingdom. The agreement was signed by Tarik al Junaidi, Chief Executive Officer of Oman Oil Marketing Company, and Yousif al Saadi, Chief Executive Officer of Tamiyoz.
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.
Earlier this year OOMCO opened its newest facility in Mecca, as well as plans for five additional sites within the greater Jeddah area, offering an exciting range of on-the-go shopping, branded food and beverage offerings, in addition to essential automotive services as OOMCO continues to go ‘beyond the pump’.
Tariq al Junaidi, Chief Executive Officer of Oman Oil Marketing Company, said, “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 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 bi-lateral ties to Oman’s neighboring countries. 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.
