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Dubai Taxi and Bolt sign partnership for UAE's largest e-hailing platform

Photo : Dubai Government Media Office

Dubai Taxi Company PJSC (DTC), a prominent provider of comprehensive mobility solutions in Dubai, has officially announced a strategic partnership with Bolt, a leading global shared mobility platform. This collaboration aims to launch a new e-hailing platform in Dubai, marking Bolt's first entry into the UAE market.

The partnership is set to deliver innovative e-hailing solutions that will enhance the digital mobility experience for customers and expand smart transportation services throughout the Emirate. This initiative aligns with DTC’s ambitious growth strategy to enhance mobility in the region.

Bolt will serve as DTC’s strategic partner for e-hailing services in Dubai. Founded in 2013, Bolt has rapidly grown to operate in over 600 cities across 50 countries. The company offers a wide array of mobility solutions, including e-hailing, food and grocery delivery, scooter and e-bike rentals, as well as short-term car rentals.

The announcement of this new e-hailing platform took place during a signing ceremony at GITEX Global, where Mansoor Alfalasi, Chief Executive Officer of DTC, formalized the partnership by signing the agreement with Markus Villig, Founder and CEO of Bolt. The ceremony was attended by notable figures including H.E. Erkki Keldo, Minister of Economy and Industry of the Republic of Estonia, and H.E. Abdul Mohsen Ibrahim Kalbat, Chairman of Dubai Taxi, along with members of DTC's Board of Directors.

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The integration of Bolt’s advanced digital platform will empower DTC to tap into the AED 6 billion market opportunity available in Dubai’s taxi and e-hailing sector. 

For Bolt, this partnership signifies an important step in its ambitious expansion strategy across the Middle East. The company has already seen growth and success in Saudi Arabia since 2017 and recently launched operations in Egypt earlier this year.

Mansoor Rahma Alfalasi emphasized the significance of this partnership, stating, “This landmark strategic partnership brings together DTC’s status as the UAE’s largest fleet owner, with over 6,000 taxis and limousines, and Bolt’s leading position as a global shared mobility platform. The combined strengths of both companies will create an unparalleled local mobility leader that supports DTC’s ambitious growth plans.”

Alfalasi further noted that this agreement reflects DTC's dedication to the directives of the Roads & Transport Authority (Dubai) to transition 80% of taxi trips to e-booking in the coming years. He believes this strategic move will reinforce DTC’s leadership position and enhance its crucial role in shaping the future of urban mobility in Dubai.

Markus Villig added, “With over 3.5 million cars registered and operating on the UAE’s roads, there is a growing concern about increased travel time, congestion, accidents, and pollution. This long-term strategic partnership with Dubai Taxi Company will establish a new shared mobility platform in Dubai, reducing the reliance on private cars, which will positively impact both the Emirate and its residents.”

Oct. 15, 2024 5:24 p.m. 538

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