Despite the fluctuating economic climate of Middle East, the minibus taxi service, that’s used by 69% of households is continued to be resilient, defensive, and growing, and expected to worth around R50 billion by 2020.
The taxi business is the most lucrative opportunity in this region. The new entrants even the ventures with a few drivers and vehicles can also get an edge as they grow. Most of the taxi businesses are innovating with a mobile extension to change the marketing game and gain the maximum number of bookings.
When we take an inside view of the taxi industry in the Middle East, there are a couple of things that boost the idea of building a Uber-like taxi app, which is- the transportation needs of the unusual routes and irregular schedules is served;
- leisure and business travel is a part of most of the income and revenue;
- three-fourth of the population rely mostly on minibus taxi for public transportation;
- the 8 out of 10 individuals will live in urban areas and depend on a taxi for their commute needs by 2025;
- the yearly turnover of the taxi industry lies between R60 to R90 billion.
It’s overwhelming! There is absolutely no reason to not jump onto the taxi bandwagon.
Read more : How to start Middle East Countries?
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