Wafi Energy signs franchise deal with Shell to run fuel stations in Saudi Arabia
05 Jun 2022 - RIYADH: Saudi Wafi Energy Co has signed an agreement with Shell Global, giving the Saudi firm an exclusive franchise right to establish and operate Shell fuel stations and car service stations across the Kingdom, Saudi Press Agency reported.
Shell Global is the largest operator of gas stations and car services in the world, operating more than 46,000 stations in 80 countries. The SPA report noted that Shell will transfer the latest expertise and services to the Kingdom at the highest international levels.
Wafi Energy is a Saudi company specializing in the management and operation of fuel stations. It also signed a memorandum of understanding with the Ministry of Municipal and Rural Affairs and Housing, to benefit from the services provided by the investment portal “Foras,”.
The agreement aims to support partnership and promote integration between the public and private sectors, along with providing investment opportunities for private sector entities.