Skip to content Skip to Search
Skip navigation

Adnoc Distribution targets 200 EV stations this year

Adnoc Distribution plans to open 15 to 20 new fuel stations this year Wam
Adnoc Distribution plans to open 15 to 20 new fuel stations this year

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is planning to more than double the number of fast electric vehicle (EV) charging stations as part of its five-year expansion strategy.

The company has 90 fast EV charging points and aims to reach 150-200 by the end of the year, the UAE state-run Wam news agency reported, quoting Bader Saeed Al Lamki, CEO of Adnoc Distribution.

In addition, the Abu Dhabi-listed subsidiary of state-run energy giant Adnoc plans to install 500 fast electric chargers over the next five years.

Al Lamki said the company plans to expand its network of fuel stations in the UAE, Egypt, and Saudi Arabia.

Over the next five years, the number of fuel stations in the UAE, Egypt, and Saudi Arabia will reach 1,000, up from the current 840.

Al Lamki said Adnoc Distribution plans to open 15 to 20 new fuel stations this year and expand non-fuel retail services.

The company this month said its annual net profit increased by 2.3 percent to AED550 million ($150 million) in the first quarter. Net profit excluding UAE corporate tax reached AED607 million in Q1 2024, 13 percent higher than a year ago.

The target is to increase non-fuel transactions by 50 percent and increase the number of convenience stores by 25 percent, Al Lamki said in its Q1 2024 financial statement.

Parkin, the state-backed parking management company, signed an agreement with the Dubai Electricity and Water Authority (Dewa) this month to increase the number of EV green charger stations at prime locations across the emirate.

UAEV, a joint venture between the Ministry of Energy and Infrastructure and Etihad Water and Electricity, has also announced its intention to build a network of high-performance EV chargers across the seven emirates.

The new venture plans to roll out 100 fast and ultra-fast chargers by the end of 2024 and install at least 1,000 EV chargers by the end of the decade.

Latest articles

Shoppers choose vegetables in Istanbul; inflation means people are spending on essentials

Turkish retailers’ confidence wavers as inflation bites

Confidence is falling among Turkish retailers, according to a survey from the country’s statistics agency Turkstat. Shoppers have been scaling back on big-ticket purchases, spending instead on basic consumer goods as inflation piles pressure on household incomes. May’s business confidence report, released by Turkstat on June 24, showed sentiment in the retail sector at its […]

Water is handed out to pilgrims in Mecca. Hundreds of pilgrims without a Hajj permit died during extreme heat last week

Egypt shuts down 16 travel companies after Hajj tragedy

Egypt has withdrawn the operating licences of 16 travel companies for organising unlicensed Hajj trips to Saudi Arabia. A statement from the Egyptian government said the companies would be prosecuted and fined, with the funds used to compensate pilgrims’ families for their loss.  Hundreds of Egyptians were among 1,301 people who died of exposure to […]

A floating production unit in Israel's Karish gas field in the eastern Mediterranean. Carlyle is creating a new oil and gas company to manage the field

New Carlyle entity to manage East Med gas projects

Carlyle, the Nasdaq-listed private equity company, is creating a new oil and gas company to manage recently-acquired assets in the Mediterranean hydrocarbons market. The new as yet un-named entity will be led by former BP CEO Tony Hayward and will manage a portfolio of gas-weighted exploration and production assets in Italy, Egypt and Croatia, according […]

Spinneys plans to open another 12 stores in Saudi Arabia by 2028

Spinneys opens first Saudi supermarket in Riyadh

Spinneys has opened its first supermarket in Saudi Arabia and is planning a further 12 stores in the country by 2028. The UAE supermarket operator listed on the Dubai Financial Market last month and raised AED1.38 billion ($375.7 million) from its initial public offering, which was oversubscribed almost 64 times. The first Spinneys in Saudi […]