Swvl expands to Saudi Arabia
- Egypt-founded mass transportation startup Swvl, has expanded to Saudi Arabia to serve the corporate and business sector.
The Kingdom will be Swvl’s sixth market in the Menap region after Egypt, Kenya, Pakistan, Jordan, and the UAE.
Founded in 2017 by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh, Swvl enables users to book rides on buses at a fixed rate. The company relocated its headquarters to Dubai after raising $175 million.
Both Sabbah and Nouh left Swvl to pursue their own startups in the fintech space.
The company claims to provide the best means of daily mass employee transportation, by customising routes and destinations per different company requirements, to over 100 companies.
Swvl, an international Dubai-based tech startup extends its Mass Transit solutions for businesses to the Kingdom of Saudi Arabia, serving the corporate and business sector as a Saudi limited company. The Kingdom would be Swvl’s sixth market after its success across nine major cities in the MENAP, Egypt, Kenya, Pakistan, Jordan, and the UAE, since its establishment back in 2017.
Through this service, Swvl provides the best means of daily mass employee transportation, by customising routes and destinations per different company requirements, to over 100 companies ranging from food and beverages, construction, oil & gas, textile, and education, to consumer electronics manufacturing, accounting, telecom, and mobile network operators alongside others.
Alexandre Epure, Swvl's Regional Sales Director, stated that the company is excited to enter the Saudi market to provide safe, quality transportation services powered by its state-of-the-art technology to organisations. Swvl, on its journey to solve the issues plaguing mass transit, optimises the whole mass transit operation at the highest level, allowing organisations and corporations to lower costs and increase revenues significantly. Swvl's technology cuts transportation costs by up to 25 per cent by reducing the number of vehicles, kilometres, overhead, and optimising routes through a unique network planning AI engine. On top of that, Swvl maintains efficiency in fleet utilisation and thus cost savings. Most importantly, Swvl can do all of this while providing an outstanding ride experience on both driver and passenger levels.
Alexandre Epure also added that the company helped to move millions of riders globally during the pandemic year of 2020 providing a fast and safe transport service with the direction of going green. Less traffic & less pollution which is in line with the latest international designs and specifications to digitise the transportation experience for companies. Swvl offers 100 per cent data-based transportation solutions which are in alignment with Saudi’s government initiatives and 2030 vision.