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Malaysia: BHPetrol 2018 Fuel Retail Network Expansion Plans

Malaysia: BHPetrol 2018 Fuel Retail Network Expansion Plans

With the aim to strengthen its presence in the market, Boustead Petroleum Marketing Sdn Bhd (BHPetrol) plans to launch up to 15 new fuel service stations in 2018.

BHPetrol MD, Tan Kim Thiam said, “As of the first quarter (1Q) of 2018, we have opened five fuel stations in major cities here in Peninsular Malaysia.” This was following a document exchange between BHPetrol and Medini Iskandar Malaysia Sdn Bhd (MIM).

The opening of BHPetrol’s first fuel service station in Medini City, is anticipated to be in operation in the 1Q of this year. New fuel service stations will be launched by the company in both urban and rural areas in the peninsula.

Tan Kim Thiam said, “Every year, we will open new fuel service stations in order to meet the demand, as well as develop our potential at different locations across the country. And despite us being still rather small, our growth has been among the fastest in the country.”

BHPetrol has invested RM5 million for its 380th fuel service station.  The 44,000 sqft (4,087.73 sqm) fuel service station will be operating near offices and commercial areas and is estimated to take eight months for completion, offering quality fuel products, as well as various products at the convenience stores. The company hopes to attract new customers and build up the brand in the area, with the presence of the new concept BHPetrol fuel service station in Medini City. The company’s presence in Medini City would be expanded, depending on opportunities and whether it fits MIM’s masterplan.

MIM MD and CEO James Tee said that as more local and international companies are setting their offices in the area, the commercial areas within Medini City have been growing rapidly.  “With that said, our landmark office, the first high-rise 21-storey premium office building,

Medini 9 will be opening very soon where it has attracted several anchor tenants. Among the anchor tenants, co-working space operator CO3 Social Office Sdn Bhd will be taking up a 200,000 sq ft co-working space at Medini 9 and be able to accommodate up to 4,000 staff.”

Designed and developed in accordance with the MSC Malaysia Cybercentre-status building standards, Medini 9 is a green building with smart building features. RM284.9 million is the gross development value (GDV) of Medini 9, while the upcoming Medini 10 which is undergoing construction has a GDV of RM308.9 million and it is expected to be finished in 2019. Source: Malaysian Reserve PWKD09052018

Last modified onWednesday, 09 May 2018 04:29
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