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IBRAHIM .N. PARTNERS Acts as Legal Counsel for DTC in Strategic Partnership with Bolt

Dubai, UAE, 15 October 2024 – IBRAHIM .N. PARTNERS, a leading regional full serviced law firm, is proud to announce its role as legal counsel to Dubai Taxi Company PJSC (“DTC”) in the recently signed strategic partnership with Bolt, the global shared mobility platform. This collaboration is set to launch a new e-hailing platform in Dubai, further solidifying DTC’s position as a leader in the mobility sector.

The partnership, which was announced during a signing ceremony at GITEX Global, marks a significant milestone for both DTC and Bolt as they aim to create the UAE’s largest e-hailing platform. Bolt’s innovative digital platform will allow DTC to capture a greater share of the AED 6 billion market opportunity in Dubai’s taxi and e-hailing sector, while also enhancing its overall digital service offering.

IBRAHIM .N. PARTNERS has a long-standing relationship with DTC, having previously acted as its legal counsel during DTC’s successful IPO. This latest engagement reflects the trust and confidence DTC continues to place in the firm’s legal expertise, particularly in navigating complex, high-profile transactions in the region.

We are honored to have had the opportunity to represent DTC in this remarkable transaction, which aligns with the company’s ambitious growth strategy. This partnership with Bolt will undoubtedly strengthen DTC’s position as a leader in smart transportation services,” said Ahmed Ibrahim, Managing Partner at IBRAHIM .N. PARTNERS.

It was noted that the combined strengths of DTC’s large fleet and Bolt’s digital infrastructure will create a local mobility leader. The partnership is also aligned with the Roads & Transport Authority’s vision to transition 80% of taxi trips to e-booking services in the coming years.

This transaction is another testament to IBRAHIM .N. PARTNERS’ continued commitment to providing high-quality legal advisory services for its clients in the UAE and beyond.

About IBRAHIM .N. PARTNERS

IN’P IBRAHIM .N. PARTNERS is an independent MENA-region law firm based in the ADGM, Abu Dhabi, led by our Managing Partner, Ahmed Ibrahim, and is comprised of a team of lawyers that are experts in advising on all aspects of UAE law. We advise both local and international companies on a full range of issues from contentious and non-contentious corporate and commercial matters, including major project work, establishing, and conducting business across the Emirates, joint ventures, mergers and acquisitions, equity capital market, legal due diligence/audit, employment matters, property, structuring, distributions and franchise arrangements.

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