ENOC to invest AED 250m to further adopt digital transformation

SectorOil & Gas

UAE - Mubasher: ENOC Group has planned to invest AED 250 million of its 2021 expenditure to make further progress in its digital transformation strategy. ENOC seeks to deploy digitalisation in its business and operations to explore new opportunities for growth and meet the growing energy demand in Dubai and the UAE, according to a press release on Tuesday. In addition, the group plans to adopt the latest technologies across its operating assets to enhance their efficiencies and improve value for its shareholders. Besides this investment, the group launched a number of initiatives to develop its digital transformation in 2019, including Next, an accelerator programme designed to address challenges in the energy sector.  Under Next, ENOC developed two digital ventures, comprising ENOC Link which is a digital mobile fuel delivery service for businesses in the UAE and Beema, the UAE's first pay-per-Kilometer car insurance.  The Group CEO of ENOC, Saif Humaid Al Falasi, said: "Understanding the current market realities allowed us to introduce changes to emerge as an agile, resilient and future ready organisation, while aligning our efforts with the national mandate." Al Falasi added: "We will dedicate ...read more...