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Saudi Arabia Mobility Landscape Shifts Gears: Car-Sharing, Taxis, and Truck Leasing Drive Market Growth to $18.5 Billion by 2027: Ken Research

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GURUGRAM, India, Feb. 20, 2024 /PRNewswire/ — Buckle up, Saudi Arabia. The Kingdom’s mobility landscape is undergoing a dynamic transformation, fueled by rising urbanization, changing consumer preferences, and government initiatives. Ken Research’s latest report, KSA Car-Sharing, Taxi & Truck Leasing Market Outlook to 2027: Driven by Vision 2030 and Tech-Savvy Consumers, dives deep into this evolving market, offering valuable insights for investors, car rental companies, technology providers, and government agencies.

Market Overview: 

The Saudi Arabian car-sharing, taxi, and truck leasing market is projected to witness tremendous growth, reaching a staggering $18.5 billion by 2027, indicating a CAGR of 12.2% during the 2022-2027 period. This remarkable expansion is driven by several key factors: 

Vision 2030’s Focus on Mobility: The Kingdom’s ambitious Vision 2030 roadmap prioritizes improving transportation infrastructure and promoting alternative mobility solutions, creating a favorable environment for market growth. Urbanization Surge: Rapid urbanization is leading to higher population density and a growing demand for flexible and convenient transportation options. Tech-Savvy Population: A young and tech-savvy population readily embraces digital platforms and on-demand services, accelerating the adoption of car-sharing and ride-hailing services. Rising Car Ownership Costs: Increasing vehicle prices and fuel costs make car ownership less attractive, pushing individuals towards shared mobility solutions. 

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Segment Spotlight: 

Ken Research provides a comprehensive segmentation of the market based on: 

Service type: Car-sharing, ride-hailing taxis, limousine services, truck leasing (long-term, short-term) Vehicle type: Economy, mid-range, luxury, trucks of various capacities Target user: Individuals, businesses, government agencies 

Competitive Landscape: 

The market features a mix of established players and innovative startups, creating a dynamic environment: 

Established players: Uber, Careem, Hertz, Budget, Saudi National Leasing New entrants: Siwar Car, Jahez, Swvl, Saha, and other local startups Technology providers: Offering app development, data management, and payment processing solutions 

Future Outlook: 

The future of the Saudi Arabian car-sharing, taxi, and truck leasing market is brimming with exciting opportunities: 

Technological advancements: Integration of artificial intelligence, big data, and automation to optimize route planning, pricing models, and fleet management. E-mobility push: Growing adoption of electric and hybrid vehicles for a sustainable and environmentally friendly transportation ecosystem. Focus on user experience: Personalized services, loyalty programs, and enhanced safety features to attract and retain customers. Expansion into new segments: Targeting specialized truck leasing solutions for niche industries and exploring micro mobility options like e-scooters and e-bikes. 

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Challenges to Address: 

However, some hurdles require attention: 

Regulatory framework: Clarifying regulations for new mobility models and ensuring fair competition are crucial for fostering innovation. Infrastructure development: Expanding dedicated lanes for car-sharing vehicles and improving public transportation integration are essential. Public perception: Addressing concerns about safety, data privacy, and affordability is key to wider adoption. 

Why This Report Matters: 

This report empowers various stakeholders in the Saudi Arabian mobility market: 

Investors: Identify lucrative investment opportunities across different segments and service types. Car rental companies: Adapt their business models to capitalize on emerging trends and technologies. Technology providers: Develop innovative solutions tailored to the evolving needs of the market. Government agencies: Design and implement effective policies to regulate and facilitate the growth of the sector.

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Taxonomy

KSA Car Sharing, Taxi and Truck Leasing Market

By Type of Fleet

SUVSedan

By Type of Taxi

Small TaxiMedium TaxiLarge TaxiCoaster

By Type of Truck

Heavy Duty TrucksMedium Duty Trucks

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Car Sharing, Taxi and Truck Leasing Market

Related Reports by Ken Research: –

KSA Car Wash Market Outlook to 2030 Driven by Increased Car Ownership and Growing Understanding of the Significance of Vehicle Maintenance

KSA Carwash Market is expected to reach 1379.7 SAR Mn in 2030 which is valued at 494.1 SAR Mn in 2022. The market is expected to grow with a CAGR of 13.7% during 2022-2030. The market is growing due to various factors like rising vehicle ownership, urbanization and lifestyle changes and helpful expansion of consumers offerings.

Kuwait Car Rental & Leasing Market Outlook to 2027 How a leading regional player in rental and leasing industry allocated resources to increase its presence and overall market share

The market will grow at a CAGR of 9.8% during 2022-2027 due to increasing tourism industry & improvements in transportation. As the global automotive industry moves towards sustainability, there might be an increase in demand for electric vehicles. Car rental and leasing companies in Kuwait may explore adding electric or hybrid vehicles to their fleets to cater to environmentally conscious customers.

Al Fujairah Taxi Service Market Outlook to 2028 Driven by the regions growing economic activities and the demand for convenient transportation

The market will grow at a CAGR of 8.1% during 2022-2027 due to Fleet modernization, economic growth and business tourism. Fleet modernization, incorporating fuel-efficient or electric vehicles, acts as a catalyst for taxi companies in Fujairah. It addresses the environmental concerns and become appealing to the environmentally conscious consumer base.

GCC New and Used Car Market Outlook to 2028 Driven by Investments in transportation infrastructure are improving accessibility and convenience, encouraging car ownership

The GCC is emerging as a prominent automotive hub for various car types, poised to grow at a CAGR of 6.4% from 2023 to 2028. Key growth drivers include a growing population, influx of expatriates, rising income levels, and easy financing options. Rising incomes enable consumers to consider a broader range of vehicles, contributing to market expansion.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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Melody Party Offers Over 20,000 Songs and Adds More Than a Thousand New Tracks Monthly, Enhancing Its Online Karaoke Experience

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SEOUL, South Korea, Oct. 27, 2026 /PRNewswire/ — Melody Party is a music social app featuring a variety of activities, including Mic Grab, Artist Mafia, and Singing Battle. Through its online karaoke feature, SING A SONG, the app brings the traditional karaoke experience online, removing time and location constraints and offering a music experience that combines real-time singing with social interaction.

SING A SONG features an extensive library of more than 20,000 songs, with over a thousand new songs added every month. Its diverse selection includes popular K-pop tracks, classic Korean songs, and karaoke favorites. The feature offers a free-use model, allowing users to start singing their chosen songs without paying a separate fee. This helps reduce the time and cost associated with visiting traditional coin-operated karaoke venues, making it easier to enjoy singing as part of everyday life.

In terms of functionality, SING A SONG supports pitch adjustment and independent volume controls for vocals and accompaniment, allowing users to customize their singing experience according to their preferences. Users can also create online karaoke rooms, invite friends to sing together in real time, and enjoy voice chat and social interaction.

By continuously expanding its song library and offering diverse music-based interactive experiences, Melody Party continues to strengthen its music ecosystem. Through SING A SONG, the platform aims to create an accessible, highly interactive online music social space.

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SOURCE Melody Party

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Drawing new strength from 20-year legacy, IAACA calls on global counterparts to join annual conference to fortify integrity

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MARRAKECH, Morocco, Oct. 27, 2026 /PRNewswire/ — The International Association of Anti-Corruption Authorities (IAACA), an independent and non-political anti-corruption organisation with over 190 member anti-corruption authorities (ACAs) worldwide, will co-host IAACA Annual Conference 2026 in Marrakech, Morocco next month together with the Independent Commission Against Corruption of Hong Kong, China (ICAC) and the National Authority for Probity, Prevention and Fight Against Corruption of Morocco (INPPLC) to chart a path for the global graft fight and explore cutting-edge approaches to tackle emerging corruption challenges.

Themed “Building on 20 Years of Legacy: Drawing Strength from the Past, Guarding Global Integrity for the Future”, the international event will not only mark the 20th anniversary of the IAACA, but also provide a dynamic forum for IAACA members to exchange insights and enhance co-operation.

Calling on international counterparts to participate in the conference scheduled for November 25, IAACA President Mr Woo Ying-ming, who also serves as ICAC Commissioner, said that “As the IAACA marks its 20th anniversary, the conference will bring together global anti-corruption community at a pivotal moment for collective action. I anticipate that the valuable insights and new approaches generated through the international synergy will chart a resilient strategic path for us to navigate integrity risks and draw strength from our shared legacy to guard global integrity for generations to come.”

During the conference, renowned international experts from the United Nations Office on Drugs and Crime (UNODC), Basel Institute on Governance, the International Anti-Corruption Academy, and global anti-corruption and law enforcement agencies and institutions will shed light on harnessing artificial intelligence in the fight against corruption, safeguarding integrity within global climate and biodiversity frameworks and analysing global corruption measurement and systemic effectiveness.

Following the conference, the ICAC, the INPPLC, the IAACA and the UNODC will co-organise a training seminar on leveraging AI in combating corruption.

While the ICAC and INPPLC will share how AI and new technology can reshape the future of anti-graft enforcement and corruption prevention, the UNODC will provide a global perspective on using AI models in financial crime investigations and addressing the operational relevance, legal robustness and adaptability across jurisdictions.

For details of the conference and training, please visit:
https://www.icac.org.hk/icac/iaaca-morocco-2026/index.html

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SOURCE International Association of Anti-Corruption Authorities (IAACA)

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Viettel moves 100 million subscribers to home-grown cloud-native charging in three months – with zero downtime

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HANOI, Vietnam, Oct. 27, 2026 /PRNewswire/ — Viettel High Technology Industries Corporation (Viettel High Tech), part of Viettel Group, has migrated more than 100 million subscribers and some 5,000 tariff plans at Viettel, Vietnam’s largest mobile operator, to vOCS 4.0, its in-house cloud-native charging system. The three-month cutover ran on a live national network with no service disruption.

Replacing a charging system is one of the riskiest projects an operator can undertake, which is why many stick with legacy platforms. Viettel High Tech reduced the risk through real-time data synchronization, parallel running and a phased cutover, with instant rollback at every stage.

The project won the Telecom Review Excellence Awards 2026 prize for Best Technology Deployment in Asia, a first for a Vietnamese company.

What it means for operators:

Scale: more than 300,000 transactions per second at latency below 5 milliseconds, across 2G–5G and fixed services on one platformLower cost: up to 50% less hardware investment than the previous generation, by sharing infrastructure with the networkAgility: new tariff plans in hours instead of days, new features three times faster and deployments about 30% fasterResilience: two active data centers about 2,000 km apart and automatic recovery in under two minutes

Viettel High Tech developed every core layer in-house, from a telecom-grade cloud-native platform and NFV-MANO orchestration to real-time charging, subscriber and balance management.

“Passing rigorous tests of real-time self-diagnosis and self-recovery is what allows an operator to keep its promise of 24/7 service to customers,” said Luu Manh Ha, CEO of Viettel Networks, which operates the system on Viettel’s network in Vietnam. “Above all, owning the charging system means an operator is not dependent on foreign vendors – it safeguards digital sovereignty and preserves business flexibility.”

“The charging system is where an operator’s business strategy turns into revenue in real time,” said Nguyen Minh Quang, CEO of Viettel High Tech. “We believe vOCS 4.0 is ready to help operators worldwide capture the value of 5G and digital services.”

In 2017, vOCS 4.0’s predecessor, vOCS 3.0, replaced a foreign vendor’s platform for 90 million Viettel subscribers. Across both generations, vOCS serves more than 220 million subscribers in 11 countries. Viettel High Tech now offers vOCS 4.0 to operators worldwide.

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SOURCE Viettel Group

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