Saudi Arabia’s ride-hailing sector has achieved impressive growth, generating over SAR 1.1 billion in the first nine months of 2024. The Saudi News Agency (SPA) reports that licensed platforms in the Kingdom completed 51.8 million trips, reflecting a 12% increase from the previous year.
Surge Driven by Demand and Economic Goals
Saudi drivers, many of whom work part-time or full-time in the industry, have benefited significantly, in line with Vision 2030 goals that support citizen empowerment and economic diversification. Riyadh leads in ride-hailing demand, contributing to 39% of all trips, followed by Makkah and the Eastern Province with 25% and 16%, respectively.
Employment and Financial Support Opportunities
As demand grows, the Transport General Authority (TGA) is actively promoting the transport sector among Saudi youth across the country. The authority advocates flexible employment options for youth, with support from the Human Resources Development Fund, known as Hadaf. This initiative encourages young Saudis to consider ride-hailing as a reliable income source that suits their work preferences. By exploring ride-hailing opportunities, youth can contribute to expanding the sector while improving their personal financial security effectively.
Robust Growth for Licensed Operators
Saudi Arabia has licensed 46 ride-hailing companies across the Kingdom, with their collective efforts supporting substantial sectoral growth. The third quarter alone witnessed a remarkable 41% increase over the second, underscoring the sector’s sustained momentum, convenience, and appeal for both riders and drivers.
This continued expansion highlights Saudi Arabia’s commitment to fostering a dynamic transportation ecosystem, enhancing both accessibility and economic opportunities for its citizens.
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