Page 98 - MOE ENGLISH PR REPORT- NOVEMBER 2024

12/5/24, 10:50 AM UAE is home to around 1.5 million registered trade licenses: Bin Touq
Meanwhile, Bolt, one of the international leading ride-hailing platforms present currently in over 600
cities across 50 countries, launched its operations today, 2nd December in the UAE. The launch of
the e-hailing platform coincides with UAE’s Eid Al Etihad marking the nation’s commitment to
progress, unity and providing world-class services to its residents and visitors. Launching on this
landmark day reinforces Bolt’s dedication to aligning with the UAE’s vision of progress and
technological advancement, ensuring that the country continues to offer premium and sustainable
services in all sectors, including transportation.

Bolt's debut into the UAE market supports the Dubai government’s directives to transition 80% of taxi
trips to e-hailing in the coming years. Using the user-friendly Bolt app, consumers can easily book
rides, track their driver, and make payments through their smartphones.

Mansoor Alfalasi, CEO, Dubai Taxi Company, expressing his delight said, "Since the announcement
of the launch of Bolt in October this year, we are pleased to see its operations come to fruition. Dubai
has always experienced an influx of visitors creating an unprecedented demand for transportation.

Bolt’s arrival adds a valuable choice for our community, ensuring that getting around UAE is easier
and more accessible than ever through cross-functional mobility that integrates cars, taxis, micro
mobility solutions, and more.”"The initial fleet will consist of limousines listed by reputed fleet partners
on the Bolt platform including DTC vehicles.

The fleet is set to meet Dubai’s rising demand by offering affordable and luxury transport options. The
next phase of expansion will include the introduction of taxi services on the app, creating a versatile
and sustainable mobility ecosystem in Dubai.

The vision is to ultimately explore the potential of expanding to other emirates and across varied
verticals which include delivery services, e-scooters and car rentals in the near future.”, he
added.Eduard Suchánek, Regional Manager Middle East & North Africa, said: "Launching Bolt in the
UAE on such a momentous occasion as the 53rd Eid Al Etihad is a testament to our commitment to
the country’s vision of progress and innovation. It marks another milestone for the company as it
expands across the Middle East after successfully establishing its presence in Saudi Arabia and
Egypt.

WAM

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