Latest news with #MansoorRahmaAlfalasi
ARN News Center
22-04-2025
- Automotive
- ARN News Center
200 BYD electric cars to be added to Dubai taxi fleet
Dubai Taxi Company (DTC) will strengthen its electric taxi fleet with 200 BYD sedans under a new partnership with Al-Futtaim Electric Mobility. The BYD SEAL is designed to offer a range of up to 600 km per charge, ensuring safety and enhanced passenger comfort. The move will support the UAE's Net Zero 2050 aspirations and help the DTC transition towards a fully electric fleet by 2040. "With over 86 per cent of our fleet already environment-friendly - well ahead of the Roads and Transport Authority's 2027 target to reach 100 per cent - through continued investment in sustainable mobility solutions, we are not only elevating the passenger experience but also actively contributing to Dubai's vision of a greener, smarter future," highlighted Mansoor Rahma Alfalasi, CEO of DTC. Hasan Nergiz, Managing Director of Al-Futtaim Electric Mobility, said the collaboration aims to "redefine urban mobility by introducing vehicles that reduce carbon emissions and offer passengers a quieter, more comfortable travel experience, paving the way for a cleaner, greener future".
Zawya
27-03-2025
- Business
- Zawya
Bolt adds 700 airport taxis to its platform
Dubai: Bolt, the global shared mobility platform, is thrilled to announce the addition of around 700 vehicles which are part of Dubai Taxi Company's dedicated airport fleet, to its platform. The implementation of the ride-hailing service for airport taxis through the Bolt app offers unparalleled convenience to travelers arriving at Dubai International Airport (DXB) known to be the world's busiest airport and Al Maktoum International Airport (DWC) thus delivering innovative and digital transportation solutions tailored to the needs of Dubai's visitors. The decision comes in response to the rapid increase in the number of travelers to the emirate and by introducing the ride-hailing service of airport taxis available on the platform, visitors to Dubai will now have the option to seamlessly book taxis directly through the Bolt app, ensuring a stress-free and reliable start to their journey. This initiative reinforces Bolt's commitment to providing innovative and user-friendly mobility solutions that make travel easier for everyone. The initiative supports the Roads and Transport Authority's (RTA) goals to shift 80% of taxi trips to online booking in the coming years and contribute to strengthening DTC's role as a major player in advancing urban mobility and reinforcing its leadership in the transportation sector. Hassle-free Experience Travelers arriving in Dubai can enjoy several advantages when booking a ride through the Bolt app. They can skip queues by scheduling a taxi in advance upon landing, enjoy upfront fare transparency, and access a dedicated fleet of DTC vehicles available at both Dubai International and Al Maktoum airports. Growing Strategic Partnership Mansoor Rahma Alfalasi, CEO of Dubai Taxi Company, said, 'Dubai has long been at the forefront of adopting smart city technology, and this strategic partnership with Bolt reflects the growing collaboration between the two entities. With DTC's commitment to offering a superior travel experience aligned with global best practices that enhances the well-being of tourists and visitors, the provision of yet another e-hailing service on the platform is a huge step in enhancing and expanding digital transportation services.' He added that as part of the partnership, DTC will utilize Bolt's advanced infrastructure and technology, in yet another significant step towards delivering innovative and sustainable services. Our decision to add vehicles to Bolt platform will further strengthen DTC's position and reputation in the transportation sector both locally and internationally. 'We will continue to support the objectives of the Dubai Economic Agenda D33 and reinforce Dubai's position as a leading global hub for business and tourism,' Alfalasi said. GJ Kistemaker, Vice President of Partner Markets, Business Development, and MENA at Bolt, said, ''We are excited to expand our collaboration with Dubai Taxi Company and the wider transport ecosystem in Dubai with the introduction of airport taxis on our platform. This initiative aligns with our mission to offer seamless, efficient, and digital-first mobility solutions that enhance the travel experience for both residents and visitors. We extend our gratitude to the Roads and Transport Authority and the Dubai Taxi Company for their commitment to innovation in transportation. By working together, we are making Dubai's mobility landscape even more accessible, efficient, and future-ready' Travelers can download the Bolt app for free on iOS and Android to start booking their airport rides today. Whether you're here for business or leisure, Bolt ensures a smooth transition from the airport to your destination in Dubai. -Ends- About DTC Dubai Taxi Company (DTC) has transitioned into a public shareholding company under Law No. 21 of 2023. As a leading provider of comprehensive mobility solutions in Dubai, DTC operates a fleet of over 9000 vehicles, including more than 6000 taxis and 18000 drivers. 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. About Bolt Bolt has operations in over 50 countries and 600 cities and provides shared mobility services including ride-hailing, scooter and e-bike rental and car rental to over 200 million lifetime customers. More than 4.5 million drivers use the Bolt platform around the world. The company seeks to accelerate the transition from owned cars to shared mobility, offering better alternatives for every use case. The company's products include ride-hailing, scooter and car rental services, food and grocery delivery and corporate mobility services. For further information, please don't hesitate to contact us anytime. Nermin Fodah: Misbar Communications nermin@ Ahmad Dwairi: Misbar Communications
Arabian Business
20-02-2025
- Business
- Arabian Business
Dubai Taxi Company's full-year revenue for 2024 increases 12% to record $600mn
Dubai's population and tourism growth, as well as urban expansion that drove demand for mobility services, led to Dubai Taxi Company (DTC) posting a 12 per cent year-on-year increase in revenue to a record AED 2.2 billion ($600 million). In its first-ever full-year financial result since going public, Dubai's mobility solutions provider said the strong topline performance resulted in a 19 per cent YoY increase in EBITDA to AED 584.4 million ($159.1 million), at a margin of 27 per cent. However, net profit declined by 4 per cent to AED 331.3 million ($90.2 million), due to the introduction of corporate tax in the UAE and increased interest costs. However, on a comparative basis, excluding tax and interest costs, net profit increased by 18 per cent year-on-year. Net debt to EBITDA ratio stood at 1.13x and the company had a cash balance of AED 336.1 million ($91.5 million). Dubai Taxi Company expands fleet, market share In 2024, DTC increased its fleet of taxis by adding 744 vehicles, which took its total operational taxi fleet to 5,960. It secured 994 new license plates and the allocation of 644 additional plates through RTA auctions. It doubled its airport taxi fleet and increased its taxi market share in Dubai to 47 per cent. A good indicator of Dubai's popularity with new residents and tourists was a 6 per cent increase in the number of trips completed, which reached 49 million across the taxi and limousine segments. Taxi segment revenue increased 12 per cent YoY to AED 1.92 billion ($520 million). The limousine segment saw revenue increase by 8 per cent to AED 124.5 million ($33.9 million). The bus segment also delivered a solid performance, having secured new service contracts and expanding its fleet size. Revenue increased 11 per cent to AED 119.2 million ($32.46 million). The delivery bike segment delivered stellar growth with revenue up 2.3 times, as it expands in the rapidly growing on-demand delivery market through partnerships with major delivery aggregators. Abdul Muhsen Ibrahim Kalbat, DTC's Chairman, said: 'Our strong performance in FY 2024 demonstrates our ability to capitalise on Dubai's positive growth story as we focus on delivering world-class mobility solutions in the emirate and support its ambitious urban development and mobility strategy. 'Building on our success during the year, we launched our bold new five-year corporate strategy, which positions DTC as the 'preferred mobility choice for everyone'. The new strategy will drive double-digit growth across our portfolio, supported by additional investments in electric and hybrid vehicles, as we continue to reduce the industry's environmental impact and promote eco-friendly solutions. Mansoor Rahma Alfalasi, DTC CEO, added: 'DTC delivered a very positive set of results in our first full year as a listed company, setting a strong foundation for our future growth. Revenue increased by 12 per cent to AED2.2 billion, our highest-ever annual revenue. 'Our strong performance was enabled by Dubai's robust population growth and thriving tourism sector, which drove demand for mobility services across the emirate. 'As we look ahead, we remain focused on leveraging technology, optimising our resources, and implementing our new growth strategy to deliver long-term value for our shareholders and exceptional service for our customers.' Bolt partnership drives success During the fourth quarter of 2024, DTC partnered with Bolt, the global shared mobility platform operating in over 600 cities across 50 countries, to launch its e-hailing platform in Dubai. Launched in December 2024, Bolt has proven to be a huge success, with exceptionally strong initial demand. A fleet of premium limousines from over 200 partners, including 18,000 trained drivers, saw the platform complete one million trips by mid-January. Alfalasi added: 'Our exclusive partnership with Bolt has already proven to be a success, with one million trips completed by mid-January after launching the services on the platform in December. This partnership not only strengthens our position in the e-hailing sector but also supports Dubai's vision to transition 80 per cent of taxi trips to e-booking in the coming years.'
Khaleej Times
11-02-2025
- Business
- Khaleej Times
Dubai Taxi plans to expand services to other emirates
Publicly listed Dubai Taxi Company (DTC) is planning on expanding operations across the UA, not just in the ride-hailing platform business, but also in operating taxis and limousines in other emirates, the company CEO told Khaleej Times on the sidelines of the ongoing World Governments Summit in Dubai on Tuesday. 'We are exploring new markets. Right now, we are only operating taxis and limousines in Dubai. But we are studying our next steps to explore and see how we can expand our fleet (to other emirates),' DTC CEO Mansoor Rahma Alfalasi said. Founded in 1994, DTC evolved into a public shareholding company in 2023. It currently operates more than 9,000 vehicles, including 6000 taxis and has a workforce of 17,500 drivers across four primary businesses such as taxis, VIP limousines, buses, and delivery services. DTC has already expanded its business by partnering with global e-hailing platform Bolt in December last year, offering mainly limousine services. Alfalasi also told Khaleej Times earlier that regular taxi services could be introduced on Bolt in first quarter this year. Alfalasi noted Bolt is considered as the 'world's biggest e-hailing app with more than 200 million active users across more than 600 cities in more than 50 countries.' 'If Bolt wants to expand across the UAE and beyond the region, and wants us to be a partner, we are open to it,' he added, noting: 'Expansion means offering other business verticals, including micro-mobility solutions such as e-scooter and e-bike rentals, food and grocery delivery, and short-term car rental. Alfalasi added DTC already has a presence in Abu Dubai, through its partnership with Talabat in operating delivery bikes. There are also school buses operated by DTC in Ras Al Khaimah and Ajman. 'Whenever we are ready to announce expanding our taxi operations in other emirates, we will disclose it to the public,' he underscored. Meanwhile, Alfalasi also said Dubai is on track to having autonomous taxis plying the streets of Dubai in 2026. Fully-automated self-driving taxis have been deployed as early as September 2023 following the mapping of Jumeirah 1 area. The complete operation of driverless taxi and e-hail services will make Dubai the first city in the world to commercially operate Cruise self-driving vehicles outside the US.
Zawya
10-02-2025
- Automotive
- Zawya
Leading mobility provider Dubai Taxi Company to provide comprehensive mobility solutions at World Governments Summit 2025
Dubai: Dubai Taxi Company (DTC), the leading provider of comprehensive mobility solutions in Dubai, is a Support Partner at the 12th World Governments Summit 2025, set to take place in Dubai from February 11 to 13, 2025 under the theme 'Shaping Future Governments.' This mega event which brings together over 6000 participants annually includes global leaders, international experts, and decision-makers. DTC is participating as a Support Partner for the first time since listed as a public joint stock company. As a leader in innovative transportation solutions for major global events, DTC is committed to delivering seamless, flexible, and luxurious travel experiences. To ensure exceptional service for participants, DTC will provide a premium fleet of luxury limousines and fully equipped buses, guaranteeing smooth, efficient, and comfortable transportation to and from the venue as it has done in the previous editions of the summit. Mansoor Rahma Alfalasi, CEO of Dubai Taxi, will participate in the Future of Mobility Roundtable. With the mobility industry poised to redefine transportation, this roundtable will convene visionary leaders, innovators, and policy experts to explore how transformative technologies can reshape the future of mobility. The discussion will highlight key trends, including the rise of autonomous vehicles, the electrification of transport, and the integration of generative AI and software in vehicle systems. It will also delve into the critical role of public and private stakeholders in shaping a future that balances innovation, regulation, and sustainability. By fostering dialogue among key players, this roundtable aims to lay the groundwork for collaborative solutions that will propel the global mobility ecosystem forward. -Ends- About Dubai Taxi Dubai Taxi Company (DTC) has transitioned into a public shareholding company under Law No. 21 of 2023. As a leading provider of comprehensive mobility solutions in Dubai, DTC operates a fleet of over 9000 vehicles, including more than 6000 taxis and 17,500 drivers. 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. For further information, please contact: - Ali Elgendy Misbar Communications ali@ Ahmad Aldwairi Misbar Communications
