Dubai’s car rental industry reported a significant increase of 23.7 percent in the number of companies registered in the first half of 2022, up from 1,087 companies registered in the same period last year. Also, 78,000 vehicles were registered in the first half of 2022, up 11.8 percent from 69,000 in the same period last year.
These figures confirm Dubai’s competitiveness and attractiveness to attract multiple companies and promote economic growth, in addition to the RTA’s ease of doing business for car rental companies by offering services and incentives. Highlighting the first efforts of
“The rapid expansion of Dubai’s car rental sector in the first half of 2022 is indicative of RTA’s efforts in implementing Dubai’s comprehensive development vision. By offering amenities and overcoming barriers, RTA will continue to attract companies and investors. and is able to increase their confidence in Dubai’s business environment. It also highlights Dubai’s profile as a financial and business hub, a place where business can be done in a friendly and competitive environment,” said Abdullah Youssef. All Ali, CEO, Licensing Agency, RTA said.
“Following periodic meetings with several companies in this sector, RTA has undertaken six initiatives which have had a considerable impact on leveraging the car rental market. The initiatives included exempting new vehicles from testing, limiting the number to 10 vehicles per car rental license, extending the lifetime of vehicles in use from two to four years, and abolishing the surcharge on car rental vehicles,” added Al Ali.
“RTA stands committed to continuously raising the improvement and competitiveness in delivering services and introducing solutions to the obstacles experienced by companies in their daily business. Our ultimate objective is to ensure the sustainable growth of the commercial transport sector, besides enhancing the satisfaction customers and their confidence in the business and investment models of Dubai and the UAE in general,” concluded Al Ali.
