Page 14 - MEOG Week 14 2021

MEOG NEWS IN BRIEF MEOG

SERVICES great opportunities. It made us re-evaluate our 15-20 years.
operations and urged us to adopt innovative “The talent pool we need to drive for our
Enoc to invest $68m in measures to keep up with the fast-paced organisation’s growth is constantly changing.
We are on track with our Emiratisation efforts
transformation that our sector is going
digital transformation through. Understanding the current market to achieve 50% by 2021 and are dedicating our
efforts to hone our young national talents. We
realities allowed us to introduce changes to
Enoc Group (Emirates National Oil Co.) has emerge as an agile, resilient and future ready are also working to understand what attracts
unveiled its plans to invest AED 250 million organisation, while aligning our efforts with and motivates young Emirati nationals to join
($68 million) of its overall 2021 expenditure the national mandate.” the energy sector.
towards further progressing its digital “While increasing our market share “We will dedicate our time and resources
transformation strategy. remains a priority, we are focused on to ensure that our employees fully understand
Enoc’s growth strategy will place strong strengthening our business to ensure that the potential that digitalisation has to offer,”
emphasis on enhancing its business and we have the capabilities to face any future added Al Falasi.
operations through digitalisation; which challenges. As we gear up to our nation’s In 2020, the Group focused its efforts to
will play a key component in optimizing Golden Jubilee, we remain committed to ensure employee safety, business continuity
operations and identifying synergies within its our leadership’s vision to honor our past and maintain asset integrity. Despite the
businesses, while continuing to serve its main achievements and continue investing challenges, the Group achieved significant
goal of meeting the growing energy demand to further our digital acceleration and milestones through developing new business
in Dubai and the UAE. maintaining sustainable growth and models.
The primary focus of the Group’s strategy diversification to meet UAE’s growing energy These included the optimisation of retail
is to leverage its competencies across the demands,” added Al Falasi. non-fuel business, increasing capabilities of
energy value chain to identify new avenues for Enoc plans to adopt state-of-the-art its storage and terminalling arm, enhancing
growth, while gearing its efforts on customer technologies across its operating assets to performance of its various subsidiaries,
centricity, thereby enabling the growth of the create efficiencies and enhance value for its which ultimately contributed to 60 percent in
UAE’s energy sector. shareholders. The Group also plans to educate budgetary savings.
Saif Humaid Al Falasi, Group CEO, Enoc, the current and potential employees on the TRADEARABIA
said: “2020 was an unprecedented year for all importance of digitalisation and why it is
and at Enoc we believe that italso presented crucial for the Group’s growth for the next

P14 www. NEWSBASE .com Week 14 07•April•2021