Car rental platform Udrive expands to Saudi Arabia

Car rental platform Udrive expands to Saudi Arabia

UAE homegrown brand Udrive, the dedicated pay-per-minute, and daily car rental platform, has announced its expansion into Saudi Arabia. The new operations will meet the increasing demand from residents, tourists, students, and startups in the kingdom. Udrive’s shared mobility model supports Saudi’s Vision 2030 for greener mobility. Nine out of 10 people (92 per cent) in Saudi Arabia currently use a privately owned vehicle to go to work or school, leading to reduced air quality, significant traffic congestion, and decreased urban livability. Udrive will first launch in the Saudi capital city of Riyadh, the 40th largest city economy worldwide at present and gearing to become the 10th by 2030. With the city’s population forecast to nearly double this decade, from 7.2 million to 15 million by 2030, Riyadh has been identified as a strong market for short- and long-term car leasing and rentals. The average percentage ratio of ‘car-sharing’ vehicles to passenger cars in Riyadh is 0.02 per cent compared to a global average of 0.5% in major cities, presenting a significant opportunity. Udrive users can drive for as little as SAR0.60 per minute or SAR130 per day (up to 200 km), which includes free petrol, comprehensive insurance, and most