Emirates Driving Company (EDC), a subsidiary of Multiply Group PJSC, has entered into a strategic agreement to acquire a 22.5% stake in Mwasalat Holdings LLC, with an option to increase its ownership to 50.6% pending regulatory approvals and conditions.
The acquisition marks a pivotal step in EDC’s ambition to become a leading force in the UAE’s evolving mobility landscape. It is expected to deliver long-term value, operational synergies, and strengthen EDC’s role in shaping the future of innovative and sustainable transport in the region.
The investment aligns with the UAE’s national agenda to develop integrated, technology-driven public mobility networks. It will enhance EDC’s existing portfolio, which spans over 25 years in driver education and road safety, by enabling a deeper presence in bus and taxi operations.
“This investment in Mwasalat reflects our commitment to shaping the future of transportation by combining advanced technologies with operational excellence,” said Khaled Al Shemeili, CEO of Emirates Driving Company. “We aim to deliver safer, more accessible, and intelligent mobility solutions that meet the evolving needs of communities across the UAE.”
Mwasalat Holding’s Managing Director, Omeir Al Mheiri, echoed the sentiment, stating, “Our partnership with Emirates Driving Company marks the next chapter in Mwasalat’s journey as a leader in integrated mobility. Together, we aim to redefine how mobility is experienced across the UAE.”
Once completed, the deal will enable both companies to collaborate on innovative transportation initiatives, enhance customer experiences via digital platforms and AI-driven tools, and accelerate the rollout of multimodal transportation systems.
The partnership reinforces EDC’s growing influence in the public transport domain while supporting the UAE’s vision of inclusive, resilient, and environmentally sustainable urban mobility.
–Input WAM
