Udrive, UAE-based pay-per-minute car rental platform, announces its expansion to Saudi Arabia.
Their first launch in KSA will be in its capital Riyadh, after which it will “roll out fleets in Jeddah and other KSA cities in 2023, boosting its fleet to 1,500 cars in a year”, according to their press release.
This expansion comes in line with Saudi Arabia experiencing an increase in the number of tourists and residents looking for affordable mobility services, as well as further supporting Saudi’s Vision 2030 for greener mobility.
“We believe our car sharing model will reduce commuting costs for residents, tourists, students and startups while supporting the nation’s long term development goals by reducing vehicle emissions and decreasing pressure on
infrastructure.” said Nicholas Watson, Co-founder and CEO of Udrive.
It is worth mentioning that KSA’s car rental market is valued at approximately US$1 billion and expected to reach $1.18 billion by 2026.
“There is also a growing passenger car market among a population where more than half are under 25, that is moving from ownership to usership. This makes the country the ideal launchpad for our first operations outside our UAE home base.” Watson added.
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