Petromin and Electromin sign strategic partnership with Emaar Economic City
February 14th, 2023 – Jeddah: Petromin Corporation and Emaar, the Economic City (EEC: the master developers of KAEC – King Abdullah Economic City) have signed a long-term strategic partnership. The partnership will provide KAEC with mobility and transport solutions that will be available to residents and visitors. The agreement was signed by CEO of Petromin Corporation, Kalyana Sivagnanam and the CEO of EEC, Cyril Piaia in the presence of Petromin’s Chairman, His Excellency Amr Al-Dabbagh.
The partnership will provide sustainable mobility and transport solutions in the area that will include: EV charging stations and as a short-term solution, an integrated fuel station network, with modern forecourts. Each of these solutions will be provided by the relevant Petromin subsidiary, with Electromin overseeing the EV charging stations, while Petromin Fuel will oversee the integrated fuel station network.
The petrol stations will include a full range of amenities such as F&B brands, retail & convenience store, express car service (oil change, tire shop, battery services), vehicle maintenance workshop, eco wash system, EV charging station, ATM, Mosque & restrooms
Petromin Corporation’s CEO, Kalyana Sivagnanam, commented: “We are extremely enthusiastic for this partnership with EEC and to support their innovative urban-living infrastructure. This initiative will serve as an enabler of Vision2030’s zero-emissions target, by establishing world-class living standards for the current and future residents of KAEC. We are pleased to be able to accommodate the rising demands of the city with time. As market leaders in the Kingdom of Saudi Arabia, Petromin is ready to offer its vast end-to-end mobility solutions to cover the entire automotive journey of the people of KAEC.”
Cyril Piaia, CEO of Emaar, The Economic City, also commented on the collaboration: “Our partnership with Petromin will be crucial in realizing our goals to provide more services for our community of residents and visitors within KAEC. We are looking forward to working together to uplift KAEC from an investment-ready destination to a city enabling quality services & modern mobility solutions. With their proven expertise in the automotive field, we can trust that all our residents and visitors here will benefit from quality services provided by Petromin’s broad portfolio of businesses”.
KAEC is located on the Red Sea coast of Saudi Arabia equipped with state-of-the-art facilities such as King Abdullah Port, that was recently classified by the World Bank as the most efficient port in the world—and KAEC Industrial Valley, which is focused on logistics and light industries manufacturing. KAEC also offers a modern leisure and tourism district which includes over 40km of pristine coastline, several hotels, and the award-winning Royal Greens international tournament golf course. In 2021, the city welcomed over 1 million visitors and has developed a range of lifestyle residential communities for its growing population of full-time residents and second homeowners.
As a group of Saudi companies prominent in the field of innovation and sustainability, Petromin is now a pioneer in covering the entire automotive journey of its customers while providing a host of mobility solutions for B2B, B2C and B2G clientele. With 8 separate verticals under its umbrella, Petromin is well-equipped to cater to the evolving needs of today’s modern society. We are optimistic that this relationship will yield a significant impact on the national transition to innovative future-proof mobility.
