Riyadh: Saudi Arabia's ride-hailing industry has witnessed significant growth in the first three quarters of 2024. Statistics show that over 51.8 million trips were facilitated during this period by 46 licensed such services across the Kingdom. This represents a 12% increase over the same period in 2023, with the third quarter alone showing a remarkable 41% growth over the second quarter. The surge in ride-hailing activity has directly benefited Saudi drivers, who collectively earned over SAR1.1 billion. According to Saudi Press Agency, many Saudi nationals are capitalizing 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% of the total trips. Makkah and the Eastern Region followed closely with 25% and 16%, 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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