Dubai Taxi Company has completed the acquisition of National Taxi in a major deal that strengthens its position in the UAE transport market. The transaction will expand the company’s operations in Abu Dhabi and create the country’s largest taxi operator.
The deal is valued at Dh1.45 billion, or about $394.8 million. Following the acquisition, Dubai Taxi Company will operate more than 9,500 taxis across Dubai and Abu Dhabi. The company said the move will significantly increase its market reach and support long-term growth plans.
According to company details released on Wednesday, the acquisition raises Dubai Taxi Company’s market share to nearly 60 percent in Dubai. It will also give the company an estimated 12 percent share of the Abu Dhabi taxi market.
When operations in Al Ain are included, the combined fleet is expected to exceed 14,000 vehicles. The company estimates that its expanded network will provide around 78 million passenger trips each year across the UAE.
The acquisition was completed after receiving approval from transport regulators in both Dubai and Abu Dhabi. These approvals cleared the way for the company to move forward with one of the largest transport sector transactions in the country.
Dubai Taxi Company chief executive Mansoor Alfalasi described the purchase as an important milestone. He said the acquisition supports the company’s long-term strategy and strengthens its position in the growing mobility sector.
The deal is the company’s first major acquisition since its public listing in late 2023. Company leaders believe it will help build a stronger platform that can serve customers across multiple emirates while improving operational efficiency.
Alfalasi said National Taxi will help the company expand beyond Dubai and establish a stronger presence in Abu Dhabi. He added that the larger network will allow the company to provide services on a wider scale while increasing its ability to meet future demand.
Dubai Taxi Company already operates several transport services beyond traditional taxis. These include limousine services, bus operations, and last-mile delivery bike services. The acquisition further broadens its transportation network across the country.
The UAE transport sector has experienced steady growth in recent years. This growth has been supported by increasing population numbers, expanding business activity, and continued investment in infrastructure. Demand for public transport and mobility services has also risen as cities continue to develop.
Recent figures show that public transport usage remains strong. Millions of people use taxis and other transport services every day across the UAE. The continued growth in passenger numbers has encouraged operators to expand fleets and improve services.
Transport companies are also investing in new technologies. Dubai Taxi Company has partnered with Chinese technology company Baidu to introduce Apollo Go driverless taxi services. The initiative supports the UAE’s efforts to adopt advanced mobility solutions and smart transportation systems.
The country continues to invest heavily in innovation and sustainability across the transport sector. Driverless vehicles, electric transport options, and smart mobility platforms are becoming key parts of future development plans.
National Taxi has a long history in Abu Dhabi. The company began operations in 2000 with a fleet of just 50 vehicles. Over the years, it expanded into one of the emirate’s leading taxi operators, serving residents, visitors, and businesses.
The acquisition attracted interest from investors across several regions, including North America, Europe, the Middle East, and Central Asia. Industry observers viewed the transaction as an important development in the UAE’s growing transport market.
Company executives say the next phase will focus on integrating National Taxi into the wider Dubai Taxi Company network. The goal is to combine operations smoothly while maintaining service quality and improving efficiency.
Management believes the transaction will deliver long-term strategic and financial benefits. The larger fleet, broader customer base, and stronger market presence are expected to support future growth and create additional value for shareholders.
With more than 9,500 taxis operating across Dubai and Abu Dhabi and a fleet exceeding 14,000 vehicles nationwide, Dubai Taxi Company is now positioned as the largest taxi operator in the UAE. The acquisition marks a significant step in the company’s expansion strategy and reflects the continued growth of the country’s transport sector.
