Dubai Taxi Company Adds 300 Vehicles to Its Fleet
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Global Business Magazine- 4 minutes read
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, on Friday said that it has been awarded 300 new plates at the latest Dubai’s Roads and Transport Authority (RTA) auction, solidifying its position as Dubai’s largest taxi operator.
By adding 300 new plates, the DTC’s taxi fleet rose to 6,000 vehicles increasing the company’s taxi market share to 46% and demonstrating its commitment to serving the growing demand for sustainable and efficient transport in the Emirate, driven by robust population and economic growth.
Interestingly, 25% of the 300 new plates will be allocated to electric taxis, underlining the company’s commitment to sustainability. This move is part of the DTC’s strategy to transition towards innovative and achieving Dubai’s net zero emissions target by 2050.
The expanded fleet is expected to generate an additional $27.23 million in annual revenues, demonstrating the company’s ability to drive shareholder value and execute on its strategy of fleet expansion and enhancement, DTC said in a regulatory filing with the Dubai Financial Market this morning.
DTC CEO Mansoor Rahma Al Falasi said that the award of 300 new plates is a key part of the company’s fleet expansion strategy. In 2024 DTC’s fleet has grown by approximately 10%, reaching nearly 9,000 vehicles across all our segments, which include taxis, limousines, buses, and motorcycles.
He said that the DTC’s investment in growth, innovation and customer-centric solutions underscored their position as the leading transport operator in Dubai.
He also said that the continued expansion of DTC’s fleet also reflected the management’s commitment and ability to add capacity in response to Dubai’s population and tourism growth which has increasing demand for mobility services from both residents and visitors to the Emirate.
“The award is expected to generate additional revenues, creating substantial shareholder value and enabling further investments in our operations to cement our market-leading position,” he added.
Offering Mobility Solutions
DTC, a leading provider of comprehensive mobility solutions in Dubai, operating a fleet of more than 8,200 vehicles, including more than 5,500 taxis, as at 30 June 2024. DTC was established in 1994 to operate a fleet of taxis and has since expanded to offer an extensive range of integrated mobility solutions across four key business lines – taxis, VIP limousines, buses and last mile delivery bike services.
DTC is the number one taxi operator by fleet size in Dubai with an approximately 46% market share, as at 30 June 2024. In 2023, the Company’s taxis and limousines completed 46 million trips.
