RIYADH: Saudi Arabia’s dynamic business environment is continuously drawing attention from international companies, and now Estonian ride-hailing giant Bolt is looking to expand its operations in the Kingdom.
Established in 2013, the company has become a prominent player in the global mobility industry, operating in 45 countries and 500 cities, with a current valuation of €7.4 billion ($8 billion).
In an interview with Arab News, Martin Villig, chairman and co-founder of Bolt, expressed his firm’s keen interest in the rapidly growing Saudi market.
“We have operated in Saudi Arabia since 2017 completing millions of trips with hundreds of thousands of drivers signed up to the platform. Our business in Saudi Arabia has grown 10 times over in the past three years and we now have operations in all cities across the country,” Villig told Arab News.
“However, we still see room for growth. Our short-term objective is to continue on that growth trajectory and…