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Dubai Taxi Company, a well-known transportation service provider in Dubai, is preparing to expand into another emirate in the UAE. After a successful IPO in 2023, the company aims to expand its fleet and introduce new services to strengthen its presence in Dubai and explore new markets.
Mansoor Rahma Alfalasi, the CEO of Dubai Taxi Company, mentioned that they are currently assessing various emirates for potential expansion, particularly targeting regions with promising growth prospects in tourism and urban development. Choosing which emirate to enter will depend on a comprehensive market analysis, the regulatory landscape, and how well it fits with strategic goals.
Dubai Taxi Company aims to expand its successful model from Dubai to other emirates in the UAE to improve connectivity and mobility. The company is involved in different sectors such as taxis, limousines, buses, and delivery bikes, emphasising organic growth and strategic partnerships.
In 2023, Dubai Taxi Company disclosed a net profit of Dh345 million from Dh1.95 billion in revenues. The company is seeing a significant increase in its delivery bike division and is looking to grow its limousine fleet to serve wealthy passengers and high-net-worth tourists. Moreover, the company runs bus services in Ajman and intends to provide commercial bus services in Abu Dhabi and Ras Al Khaimah.
Even though there were talks about welcoming third-party-owned fleets post-IPO, Alfalasi made it clear that Dubai Taxi Company takes pride in owning and running all its limousines and taxis. The company strives to provide outstanding service and dependability by maintaining ownership of its vehicles.
The Dubai Taxi Company is working on improving the profitability of its delivery services by optimising routes strategically, investing in technology, and expanding operations to take advantage of economies of scale. Exploring potential partnerships in the limousine industry with hotels and booking platforms to establish exclusive rights in new regions, following a successful strategy in Dubai.
The strategy for bus services involves expanding operations to cater to more corporate clients and schools, enhancing the company’s app’s accessibility, and providing services under long-term contracts with the Ministry of Education in various emirates. The company is currently acquiring more buses to improve operational control and enhance the quality of transport services offered.
As the Dubai Taxi Company gears up for expansion into a new emirate, the company is dedicated to enhancing its core brand and boosting performance in its current segments. The CEO highlighted the significance of meeting strategic priorities and improving service offerings to address the changing transportation needs of Dubai and potential new markets in the UAE.
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