The agreement was formally signed by Engineer Diaa El-Din Moustafa, CEO of the Land Transport Regulatory Authority, and Mohamed Nashaat, Deputy CEO of the Innovator Group, representing the shareholders.
The Minister stated that this signing aligns with the state's
efforts to encourage and maximize the role of Egyptian companies in smart
transport within Egypt. This initiative aims to provide safe, easy, and
competitively priced transport solutions and services to meet the needs of
various community segments, with a focus on technology and sustainability. It
also embodies the Egyptian state's encouragement of public-private partnerships
in implementing development projects and improving the quality of life in major
cities through safe transportation methods.
During the signing ceremony, the company's executive plan,
structured into several phases, was presented. The initial phase involves a three-month
pilot operation in Alexandria and the North Coast. Operations are then slated
to expand to Cairo, Delta cities, Upper Egypt, and key tourist destinations
within 18 months of the pilot launch.
The company is committed to injecting approximately EGP 400
million in investments during its first year of operation. This significant
investment aims to attract 425,000 active users within two years and generate
employment opportunities for over 10,000 drivers by the end of its second year
of operation.
Currently, 600 vehicles are registered with the company and
are prepared for immediate operation in Alexandria Governorate and the North
Coast. Rehla Rides aims to expand its fleet to 100,000 vehicles operating
across all Egyptian governorates within the next three years.
Rehla Rides is poised to deliver a modern and secure smart
transport experience through its integrated transport services application, "arrw,"
available on both Google Play and Webstore platforms. This comprehensive
digital system includes: A passenger application that facilitates seamless
vehicle requests, real-time journey tracking, and electronic payments.; a
driver application designed to ensure the highest levels of discipline and
instant communication with support centers, and a smart supervision interface that enables
24/7 monitoring of service quality and performance.
It is worth noting that Rehla Rides is an Egyptian joint-stock company. Its ownership structure comprises several prominent Egyptian companies and investors, including: IFFM for Commercial Investment, Pie for Corporate Consulting, B Innovator, and the office of Dr. Moustafa Mahmoud Issa.