Share
Home Sector Logistics Dubai Taxi Company market share climbs to 46 percent as fleet expands to 5,660

Dubai Taxi Company market share climbs to 46 percent as fleet expands to 5,660

Strategic acquisition of 94 new license plates solidifies commitment to growth
Dubai Taxi Company market share climbs to 46 percent as fleet expands to 5,660
The company saw a 100 percent increase in its airport taxi segment

Dubai Taxi Company secured its position as the leading transport operator in Dubai with the acquisition of 94 new license plates in the latest Roads and Transport Authority (RTA) auction, marking a total of 445 taxis added to its fleet in 2024. This strategic addition is expected to boost the company’s market share to 46 percent, cementing its status as Dubai’s leading transport operator.

Advancing transportation sector

With a fleet now totaling 5,660 vehicles, Dubai Taxi Company aims to bolster operational capabilities and strategic endeavors, further solidifying its market presence. Moreover, this addition aligns perfectly with Dubai Taxi Company’s expansion strategy within the taxi sector. This underscores its goal of delivering world-class transport services. The company embraces innovation, distinctiveness, digitalization, and sustainability. Hence, it aims to facilitate the daily mobility needs of Dubai residents seamlessly.

Proactive approach to sustainability

The addition of 94 environmentally friendly taxis underscores Dubai Taxi Company’s proactive stance on sustainability. Commenting on the achievement, Mansoor Rahma Al Falasi, CEO of Dubai Taxi Company, said that the addition will drive the sustainable growth experienced across the company’s operational and investment spheres to the next level.

Al Falasi added that the taxi fleet expanded from 5,216 in 2023 to 5,660 at the beginning of 2024. Therefore, this addition will bolster the company’s total revenues for the year. Moreover, it further solidifies Dubai Taxi Company’s leading financial position in the Dubai Financial Market. Hence, it offers attractive returns for investors and increased shareholder value.

Through the addition of 350 new environmentally friendly taxis, the company saw a 100 percent increase in its airport taxi segment. This expansion reaffirms the company’s commitment to exceptional transport services and sustainability goals.

Read: 7X introduces EMX with aim to transform logistics solutions for UAE and beyond

Urban development plans

Dubai Taxi Company’s expansion aligns with the Dubai 2040 Urban Master Plan. This plan seeks to offer sustainable and versatile transportation choices for everyone in the emirate. Additionally, the company delivers a wide range of mobility solutions across various sectors. This includes its eco-conscious taxi fleet, VIP limousine services, comprehensive bus services, and corporate delivery solutions.

For more news on logistics, click here.

The stories on our website are intended for informational purposes only. Those with finance, investment, tax or legal content are not to be taken as financial advice or recommendation. Refer to our full disclaimer policy here.