ADNOC Distribution's Chief Operating Officer Klaas Mantel says the company is committed to expanding its non-fuel retail business, citing the recent partnership with Americana as a key milestone.
What the Americana partnership means for ADNOC Distribution
Mantel explained that the partnership with Americana will enable ADNOC Distribution to tap into the local market and offer a wider range of products to customers.
The partnership will see ADNOC Distribution open new stores across the UAE, with a focus on non-fuel retail products such as food, beverages, and household items.
According to Mantel, the partnership with Americana will also enable ADNOC Distribution to leverage Americana's existing distribution network and supply chain expertise.
This will allow ADNOC Distribution to expand its product offerings and improve its logistics and supply chain efficiency.
Mantel noted that the partnership is a key part of ADNOC Distribution's strategy to diversify its revenue streams and reduce its dependence on fuel sales.
The rise of non-fuel retail at ADNOC Distribution
Mantel noted that non-fuel retail has been a key area of growth for ADNOC Distribution, with the company seeing a significant increase in sales in this segment.
He attributed this growth to the company's focus on offering a wider range of products and services to customers, as well as its commitment to expanding its non-fuel retail business.
According to Mantel, ADNOC Distribution's non-fuel retail sales have grown by 25% over the past year, with the company now generating over 15% of its total revenue from non-fuel retail.
This growth has been driven by the company's expansion into new product categories, including food, beverages, and household items.
Mantel noted that ADNOC Distribution is committed to continuing this growth trend, with plans to expand its non-fuel retail business further in the coming years.
ADNOC Distribution's expansion plans
Mantel said that ADNOC Distribution plans to continue expanding its non-fuel retail business, with a focus on opening new stores across the UAE and offering a wider range of products to customers.
He noted that the company is committed to investing in its infrastructure and technology to support its growth in non-fuel retail.
According to Mantel, ADNOC Distribution plans to open over 50 new stores across the UAE over the next two years, with a focus on urban areas such as Dubai and Abu Dhabi.
The company also plans to expand its online presence, with plans to launch a new e-commerce platform in the coming months.
ADNOC Distribution's commitment to the UAE market
Mantel emphasized ADNOC Distribution's commitment to the UAE market, noting that the company is committed to supporting the country's economic growth and development.
He noted that ADNOC Distribution is proud to be a part of the UAE's retail landscape, and is committed to continuing to invest in the country's economy.
According to Mantel, ADNOC Distribution is committed to creating jobs and stimulating economic growth in the UAE, through its expansion into non-fuel retail and other business areas.
Mantel concluded that ADNOC Distribution is committed to being a long-term partner in the UAE's economic growth and development.
Frequently asked questions
What does the ADNOC Distribution and Americana partnership entail?
The partnership allows ADNOC Distribution to leverage Americana's distribution network and supply chain expertise to open new stores across the UAE, offering a wider range of food, beverages, and household items.
How fast is ADNOC Distribution's non-fuel retail segment growing?
ADNOC Distribution's non-fuel retail sales have grown by 25% over the past year, and the segment now generates over 15% of the company's total revenue.
What are ADNOC Distribution's expansion plans for non-fuel retail?
ADNOC Distribution plans to open over 50 new stores across the UAE over the next two years, with a primary focus on urban areas such as Dubai and Abu Dhabi, alongside expanding its online presence.
Why is ADNOC Distribution expanding into non-fuel retail?
Expanding into non-fuel retail is a core part of ADNOC Distribution's strategy to diversify its revenue streams and reduce its overall dependence on fuel sales.
