Strategic focus on geographic growth, new services, and sustainability with high dividends and tech integration
Dubai Taxi Company (DTC) has announced an exciting new strategy aimed at achieving substantial growth over the next five years. The company, which currently operates over 9,000 vehicles across the UAE, plans to expand into untapped regional markets and maintain its dominance in the taxi industry. As part of its 2025-2029 vision, DTC also highlighted a commitment to a high dividend payout ratio, further solidifying its investor-friendly approach.
With a focus on sustainable growth, DTC plans to diversify its services by introducing new verticals such as limousine services and delivery. The company recently formed a partnership with global shared mobility platform Bolt to enhance its limousine and e-hailing services. The transition to electric and hybrid vehicles will also play a crucial role in reducing its environmental footprint.
DTC’s CEO, Mansoor Rahma Alfalasi, emphasized the company’s commitment to customer-centric services while leveraging technology to meet the needs of modern consumers. This includes the ambitious goal of transitioning 80% of taxi trips to e-booking, aligning with the Roads and Transport Authority’s directives.
With a solid track record of growth, DTC reported a 14% revenue increase in the first half of 2024, totaling Dh1.09 billion. The company’s efforts to innovate and expand are set to reshape its future while contributing positively to the UAE’s sustainable transport goals.
