Dubai's car rental industry reported a 23.7 per cent growth in the number of companies registered in the first half of 2022, up from 1,087 firms in the same period last year.
Meanwhile, the number of rental vehicles registered has gone up from 69,000 to 78,000, marking an 11.8 per cent increase.
The Roads and Transport Authority (RTA) said these figures confirm Dubai's economic competitiveness and attractiveness, besides highlighting the impact of the RTA's incentives to support the car rental sector.
"Following periodic meetings with several companies in this sector, the RTA has undertaken six initiatives which have had a considerable impact on leveraging the car rental market," said Abdulla Yousef Al Ali, CEO of the RTA's Licensing Agency.
"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.
"By offering facilities and overcoming obstacles, the RTA is able to attract companies and investors, and raise their confidence in Dubai's business environment."
#Dubai's car rental industry reported a significant 23.7% growth in the number of companies registered in the first half of 2022https://t.co/hGJMN14iC0 pic.twitter.com/ebAILByuT0
— Dubai Media Office (@DXBMediaOffice) September 6, 2022
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