Dubai Taxi Plans to Achieve Double-Digit Growth by 2029

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, on Friday said that it has set a target of achieving double-digit growth across its portfolio alongside a high dividend pay-out ratio by 2029.

Unveiling this in its transformative corporative strategy for 2025–2029, the company said that this bold approach aims to set new standards in sustainable and innovative mobility solutions, further solidifying DTC’s leadership in the industry.

Building on its legacy of innovation and excellence, the strategy is anchored in an ambitious growth scenario, reinforcing DTC’s position as the region’s premier mobility operator, DTC said in a regulatory filing with Dubai Financial Market (DFM) this morning.

At the heart of this strategy lies a commitment to maintaining leadership in the taxi market while expanding into new verticals such as limousine services and delivery thus charting a bold course for geographic expansion by targeting untapped markets across the UAE and the region, DTC said.

A Vision for the Future

As part of this strategic transformation, the company’s Board has approved a new vision for the company, positioning DTC as the “Preferred mobility choice for everyone.” This vision is supported by a mission focused on “Leading in digital and safe mobility services that meet communities’ needs for convenience, connectivity, and sustainability”.

DTC Chairman Abdul Mohsen Ibrahim Kalbat said that it’s a year since the company has transformed into a public joint stock company and with the launch of the five-year strategy 2025-2029, DTC is on the verge of a pivotal transformation aimed at achieving sustainable and comprehensive growth across all aspects of the company’s operations.

“Fostering strategic partnerships while providing innovative and sustainable mobility solutions will be our focus in line with the aspirations of the community and support Dubai’s vision for a smart and sustainable future,” he added.

DTC CEO Mansoor Rahma Alfalasi said tht they were committed to redefining mobility through innovation and a customer-centricity approach. This strategy is not just about growth; it’s about creating a sustainable, connected, and smarter future for our customers and stakeholders, Alfalasi added.

Aligned with Dubai 2040 Urban Master Plan and the Dubai Government’s strategic goals in the transportation sector, sustainability is a cornerstone of DTC’s strategic plans. Investments in electric and hybrid vehicles reflect DTC’s drive toward reducing environmental impact and promoting eco-friendly solutions, setting a benchmark for the industry.

Growth with Innovation and Tie-Ups

In line with its transformation goals, DTC has entered into a strategic partnership with Bolt, the global shared mobility platform, to launch its e-hailing platform in Dubai.

This collaboration underscores DTC’s commitment to providing cutting-edge mobility services and leveraging technology to meet the evolving needs of its customers.

This reflects DTC’s commitment to supporting the Dubai’s Roads & Transport Authority’s (RTA) directives to transition 80% of taxi trips to e-booking in the coming years. The strategic move will significantly strengthen DTC’s leading position and bolster its vital role in shaping the future of urban mobility in the emirate.

DTC currently operates more than 9,000 vehicles (of which around 6,000 are taxis) and manages a workforce of more than 17,500 driver partners.

Founded in 1994, DTC initially focused on taxi operations but has since expanded to offer a diverse range of integrated mobility solutions across four primary business lines: taxis, VIP limousines, buses, and delivery services via delivery bikes.