Saudi Arabia’s ride-hailing industry has witnessed significant growth in the first three quarters of 2024 as statistics show that more 51.8m trips were facilitated during this period by 46 licensed such services across the Kingdom.
This represents a 12 per cent increase over the same period in 2023, with the third quarter alone showing a remarkable 41 per cent growth over the second quarter.
The surge in ride-hailing activity has directly benefited Saudi drivers, who collectively earned over SR1.1bn ($293m).
Saudi ride-hailing growth
Many Saudi nationals are capitalising on this opportunity by working as full-time or part-time drivers, aligning with the government’s vision of empowering citizens and fostering economic growth.
Riyadh emerged as the leading city in terms of ride-hailing demand, accounting for 39 per cent of the total trips.
Makkah and the Eastern Region followed closely with 25 per cent and 16 per cent, respectively.
This increased reliance on ride-hailing services underscores their convenience, speed, and safety.
The Transport General Authority (TGA) encourages Saudi youths to seize the opportunities presented by the ride-hailing industry.
By availing themselves of financial support from the Human Resources Development Fund (Hadaf) and embracing flexible work arrangements, individuals can contribute to the sector’s continued growth and improve their financial well-being.
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