Dubai Taxi Company (DTC) on Thursday unveiled its strategy to geographically expand into “unexplored markets across the UAE and the region” while achieving double-digit growth across its portfolio.
Under its 2025-2029 roadmap, DTC outlined plans for a high dividend payout ratio over the next five years while retaining its “market leadership in the taxi segment and branching into new areas such as limousine services and delivery.”
Currently, DTC operates a fleet exceeding 9,000 vehicles, including approximately 6,000 taxis, supported by a workforce of over 17,500 driver partners.
In the first half of 2024, DTC reported a 14 per cent year-on-year increase in revenue, amounting to Dh1.09 billion, driven by robust performance across all divisions.
DTC has also partnered with the global mobility platform Bolt to provide limousine and taxi services within the Emirates. The limousine offering debuted in December, and the e-hailing app is set to include DTC’s taxi services starting in the first quarter of 2025, according to reports from Khaleej Times.
Additionally, DTC plans to prioritize investments in electric and hybrid vehicles, aiming to minimize environmental impact and encourage sustainable transportation solutions.
