24% growth in the vehicle rental sector in the Emirate of Dubai

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The vehicle rental sector in the Emirate of Dubai has achieved a remarkable growth in the number of companies registered in the Emirate of Dubai, as the number of car rental companies increased by 23.7% during the first half of 2022 compared to the same period last year, where the number of companies reached 1087 companies, and this growth was accompanied by a rise in Vehicle registration during the same period, which increased by 11.8% compared to 2021, bringing the number of vehicles registered for leasing in the first half of this year to 78 thousand vehicles, compared to 69 thousand vehicles registered in the same period of 2021.

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These figures confirm the competitiveness and attractiveness of Dubai in attracting many companies and pushing the wheel of economic development, in addition to the pioneering role of the Roads and Transport Authority in facilitating the conduct of the business of companies in the vehicle rental sector, through the services and incentives provided to them.

Abdullah Yousef Al Ali, Executive Director of the Authority’s Licensing Agency, said: “This increase in the vehicle rental sector in the Emirate of Dubai during the first half of 2022 reflects the Authority’s efforts to achieve the comprehensive development vision of the Emirate of Dubai, by offering facilities and overcoming obstacles that attract the private sector from owners Companies and investors, and raise their confidence in the reality of business in Dubai, and the emirate’s position as a center for business and finance, and a friendly station for competitive business.”

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Al Ali added: “The authority has implemented six qualitative initiatives based on periodic meetings held with companies operating in the sector, which had a great impact in supporting the vehicle rental sector. commercial vehicles, increasing the replacement life of used vehicles from two to four years, and eliminating additional fees on vehicles of the rental activity.”

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