In an ambitious move within the UAE’s transportation sector, Dubai Taxi has announced its plan to fully acquire National Taxi, a notable player in the taxi industry operating in Dubai, Abu Dhabi, and Al Ain. This strategic acquisition aims to enhance Dubai Taxi‘s market presence and operational capabilities while responding to the growing demand for efficient transport solutions across the Emirates.
Details of the Acquisition
According to the official announcement, the acquisition deal, valued at 1.45 billion AED, will be funded through new banking credit facilities. The remaining payment will be settled upon completion of the transaction, contingent on fulfilling specific conditions.
Impact on Market Share
The acquisition is expected to increase the market share of Dubai Taxi in Dubai from 47% to approximately 59%. Additionally, it will allow Dubai Taxi to capture about 12% of the market in Abu Dhabi, significantly enhancing its competitive edge in the region.
Projected Timeline and Conditions
Completion of the acquisition is anticipated in the third quarter of 2026, subject to the usual prerequisite conditions and regulatory approvals, including those from the Roads and Transport Authority as well as the Integrated Transport Center.
Statements from Leadership
Commenting on this significant milestone, Abdul Mohsen Ibrahim Kalbut, Chairman of Dubai Taxi, stated, “This acquisition marks a pivotal step in Dubai Taxi’s journey towards solidifying its leadership position in the emirate while simultaneously expanding our footprint in Abu Dhabi.” He emphasized the operational and financial strengths of National Taxi as essential factors that will drive growth and broaden the spectrum of services offered.
Moreover, Mansour Al-Rahma Al-Falasi, CEO of Dubai Taxi, expressed confidence that the deal would directly enhance profitability from the first complete financial year after the acquisition. He highlighted that this would unlock further growth opportunities, driven by enhanced procurement efficiency and streamlined maintenance operations.
The anticipated acquisition of National Taxi by Dubai Taxi underscores the evolving dynamics of the UAE’s transport sector, positioning Dubai Taxi for sustained growth and innovation in service delivery.