Economic Group Holdings

What Economic Group Holdings does

Economic Group Holdings (EGH) is a privately held, family-owned diversified conglomerate headquartered at Emirates Financial North Tower in Dubai International Financial Centre, operating across 23+ business verticals with 80+ subsidiaries and 10,000+ employees. The group's core operations center on transportation services, with a combined fleet of approximately 6,148 vehicles operating taxi, limousine, bus, and rental services under franchise agreements from government transport authorities in Dubai, Abu Dhabi, Sharjah, Ajman, and Ras Al Khaimah. Brand names include Arabia Taxi, Citi Taxi, Union Taxi, and Al Hamra across these emirates. The transportation fleet includes 269 Tesla Model 3 vehicles and hybrid vehicles, indicating investment in sustainable mobility.

Beyond transport, EGH operates an integrated automotive ecosystem spanning vehicle maintenance workshops (Al Arabia Auto Services), EV bus and light commercial vehicle dealerships (EGH Automotive with JCM AUTO, Cenntro, Flinc, Duracar brands), and spare parts distribution (Rostock Auto Spare Parts with 100,000+ SKUs, Europart Middle East, Parts World). The group has secured master distribution rights for MONBAT Automotive batteries and Aiterra Tires by Aisin in UAE. Diversified verticals include manufacturing and trading (EGGT General Trading, Wall Green Stars, Alpha Star Trading, Pacific International Building Materials), freight and logistics, IT consulting (Atribs, Metscon, FocalSoft), technology and security (Mega Lux smart parking, Gredenza surveillance), facility management (AGFM), healthcare (Al Quoz City Star Polyclinic, Zenoxy Therapeutic Services), food and beverage (Aryaas Restaurant, Calicut Notebook, Mass Biriyani, Ajmass Catering), construction, and travel services.

EGH generates revenue primarily through transaction-based fees across transportation services, automotive parts and services, and manufacturing/trading operations. The go-to-market combines direct-to-consumer channels (taxi, limousine, rental) with B2B franchise and distribution partnerships. Geographic operations span all seven UAE emirates plus Oman (ATTSCO) and an India-based IT consulting presence (Atribs Metscon). The group is led by Founder and Chairman Sheikh Majid Bin Hamad Al Qassimi, with Sheikh Sultan as Managing Director and Mr. Rawoof Ali as Executive Director. Revenue figures are not publicly disclosed.

Name

Economic Group Holdings

Legal name

Economic Group Holdings

Website

https://economicgroup.ae

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Economic Group Holdings is a privately held UAE family-owned conglomerate operating across 23+ business verticals including transportation (6,148+ vehicles), automotive services and spare parts, manufacturing, logistics, IT, healthcare, and F&B, serving consumers, enterprises, and government clients across all seven UAE emirates, Oman, and India.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate (Transportation, Automotive, Logistics)

NAICS

Offices of Other Holding Companies (551112), Motor Vehicle Parts (Used) Merchant Wholesalers (42314)

SIC

Non-Operating Establishments (9995)

akta.pro primary industry

Corporate Mobility & Car Sharing / Pool Fleet Management (TLABAHAO)

akta.pro secondary industry

SME & Small Business Vehicle Leasing (TLABAAAB)

Keywords

• Taxi transportation services
• Automotive spare parts distribution
• Limousine and vehicle rental
• Freight and logistics services
• Facility management services

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Transportation Services: Revenue from taxi, limousine, and vehicle rental services across UAE. Operating taxi fleets under franchise agreements with transport authorities and providing chauffeur-driven services, airport transfers, and corporate rentals.
2. Automotive Services and Spare Parts: Revenue from automotive workshops, maintenance services, and spare parts trading including passenger vehicle parts, commercial vehicle parts, and international brand spare parts.
3. Manufacturing and Trading: Revenue from general trading, manufacturing operations including cosmetics, chemicals, packaging, building materials, and clean energy systems.
4. Distribution and Franchise Rights: Revenue from distribution rights for automotive products including MONBAT batteries and Aiterra tires, as well as franchise operations under government transport authorities.
5. Freight and Logistics Services: Revenue from freight international, courier services, and express delivery operations.
6. Professional and Facility Services: Revenue from IT consulting, technical maintenance, facility management, security services, and management consultancy.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Economic Group Holdings is a diversified family-owned conglomerate providing passenger transportation (taxi, limousine, car/bus rental), automotive services and spare parts distribution, freight and logistics, manufacturing and trading, IT consulting, facility management, and other business services across the UAE and Oman. The group operates more than 5,000 vehicles under government franchise rights across multiple emirates and runs 80+ subsidiaries spanning mobility, automotive, logistics, energy, real estate, healthcare, and security.

Product overview

Economic Group Holdings (EGH) is a diversified family-owned multinational conglomerate headquartered in Dubai, UAE, established in 2005 under the leadership of Sheikh Majid Bin Hamad Al Qassimi. The company operates across 23+ business sectors spanning Transport Services (taxi operations in Dubai, Abu Dhabi, Sharjah, Ajman, and Ras Al Khaimah with combined fleet of 4,000+ vehicles including electric and hybrid), Limousine Services, Automotive Services (workshops and maintenance), Automotive Dealership (EGH Automotive with EV buses), Auto Spare Parts (Rostock, Europart, Parts World), Manufacturing & Trading (including ZeroWatt clean energy, cosmetics, chemicals, packaging), Freight & Logistics, Technology & Intelligence (including Mega Lux smart parking and security systems), Property Management, Engineering, Facility Management, Digital Services, Healthcare, Security Services, Food & Beverage, and Travel Services. The portfolio includes both core transport/mobility operations and diverse commercial services across the MENA region.

Differentiator

Problem solved

Functional benefit

Products and services

• Arabia Taxi Dubai Prominent taxi company operating in Dubai with a fleet of 1,528 vehicles including 269 Tesla Model 3 and hybrid vehicles, offering GPS-tracked regular and luxury taxi services with online booking to residents, tourists, and corporate clients.
• Arabia Taxi Transportation Abu Dhabi Taxi transportation service operating 800 vehicles in Abu Dhabi Emirate, offering sedans, hybrids, and Tesla vehicles 24/7 with phone and mobile app booking.
• Citi Taxi Sharjah Major taxi company operating 1,311 vehicles in Sharjah under SRTA franchise, offering electric, hybrid, and natural gas vehicles with family cabs, female captain cabs, and differently-abled cabs.
• Union Taxi Sharjah Franchise taxi operation under SRTA with fleet of 1,211 vehicles including electric, hybrid, and natural gas vehicles.
• Arabia Taxi Ajman Taxi service operating 375 fleet vehicles in Ajman under Ajman Transport Authority franchise, equipped with GPS navigation.
• Al Arabia Taxi & Al Arabia Bus Ras Al Khaimah Taxi and bus transportation service in Ras Al Khaimah operating 522 taxis and 10 buses.
• Al Hamra Taxi & Al Hamra Bus Ras Al Khaimah Taxi, bus, and Abra boat service in Ras Al Khaimah operating 374 taxis, 15 buses, and 2 Abra boats, offering sedans, hybrids, and Tesla vehicles.
• Grand City Limousine Dubai Luxury fleet management service offering airport transfers, intercity transfers, chauffeur service, limousine service, hourly rate service, event transportation, and corporate transportation.
• Emirates National Car & Bus Rental Dubai Premier vehicle rental provider offering short-term and long-term rentals, airport transfers, corporate rentals, and chauffeur-driven services in Dubai.
• Al Arabia Auto Services Dubai Automobile maintenance and repair workshop offering preventive maintenance, mechanical and electrical repair, engine/transmission overhaul, body painting, and tire services for all vehicle types including Tesla.
• EGH Automotive Dubai Sustainable transportation provider offering electric buses and vehicles including JCM AUTO EV and conventional buses, Wierda Hybrid Technologies, and Cenntro/Flinc/Duracar EV light commercial vehicles for government and enterprise clients.
• Rostock Auto Spare Parts Dubai Auto spare parts supplier offering 100,000+ replacement parts for passenger vehicles (Land Rover, Bentley, Mercedes, BMW, Audi, Porsche, Ferrari) and commercial vehicles with manufacturer warranties.
• Europart Middle East Dubai Commercial vehicle spare parts supplier with 75+ years of experience, offering parts for trucks, trailers, vans, and buses including engine, exhaust, cooling, braking, and HVAC systems.
• ZeroWatt Clean Energy Systems Dubai EPC and O&M contractor for residential, commercial, and utility-scale solar power projects offering utility-scale solar, electrical infrastructure, energy storage, and hybrid systems in the MENA region.
• Dynamic Star Heavy & Light Machinery Rental Rental service for recovery trucks, heavy equipment, mobile cranes, and machinery (backhoe loader, boom loader, shovel loader, excavators) on daily to annual contract basis.
• Mega Lux International Security System Dubai Provider of IoT-based parking management systems, ANPR smart gate, barrier systems, CCTV, access control, audio/video intercom, and high-security systems.
• Pacific International Building Materials Dubai Building and decorative materials supplier specializing in plywood, timber, MDF, gypsum, hardware, flooring, sanitary ware, tiles, and tools serving UAE, GCC, Jordan, and African countries.
• Wall Green Stars General Trading Dubai Supermarket display solutions provider dealing in ZAF and RMI brand display shelving and DERIGO commercial refrigeration for supermarkets and hypermarkets, serving major retail groups including Al Madina, Shaklan, and Mubarak Groups.
• MONBAT Automotive Batteries Distribution (UAE) Master distribution of MONBAT Automotive batteries in the UAE, available through EGH's automotive spare parts trading network serving workshops, retailers, and end customers.
• Aiterra Tires by Aisin Distribution (UAE) Official distribution of Aiterra Tires by Aisin in the UAE, available through EGH's automotive product distribution channels to workshops, retailers, and fleet customers.

Quantifiable outcome

• Operating 5000+ vehicles across UAE taxi and transportation services
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• MONBAT Automotive BatteriescoreChannel Partner/ Reseller/ Distributor · 27 October 2025Economic Group Holdings became the Master Distributor of MONBAT Automotive batteries in UAE. This partnership enhances the group's automotive spare parts and accessories distribution capabilities.
• Aiterra Tires by AisincoreChannel Partner/ Reseller/ Distributor · 27 January 2025Economic Group Holdings became the Official Distributor of Aiterra Tires by Aisin in UAE. This distribution partnership strengthens the group's automotive products portfolio.

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Sixt SE: European-headquartered global mobility and car rental company with expanding Middle East footprint. Comparable to EGH on premium vehicle rental, corporate fleet, and integrated mobility services.
• Avis Budget Group: Global car rental operator with significant Middle East presence including UAE. Overlaps with EGH's Emirates National Car & Bus Rental business in short-term rentals, corporate rentals, and airport transfers under a globally established brand.
• Enterprise Mobility: World's largest car rental operator with broad geographic reach. Operates in adjacent mobility segments to EGH's car and bus rental operations, including corporate fleet management and long-term leasing.
• Hertz Global Holdings: Major international car rental company with UAE franchise operations. Comparable to EGH's rental business for corporate accounts, chauffeur-driven services, and airport transfer demand.
• Uber Technologies: Global ride-hailing and mobility platform owning Careem in the Middle East. Operates as a broad incumbent in the on-demand mobility category that increasingly shapes UAE urban transit economics and competitive dynamics for EGH's taxi fleet.

Direct peers

• Hala Taxi (Careem-RTA Joint Venture): Joint venture between Careem and Dubai's Roads and Transport Authority operating on-demand taxi and limousine booking services in Dubai. Directly competes with EGH's Arabia Taxi Dubai for the same passenger base, fleet utilization, and corporate accounts.
• Careem: UAE-born ride-hailing platform (now Uber subsidiary) offering on-demand mobility services across the Middle East. Competes directly with EGH's taxi fleet for urban riders and challenges the traditional taxi business model across the same operating geographies.
• Abu Dhabi Taxi (National Transport Solutions): Government-affiliated taxi franchise operator in Abu Dhabi competing head-to-head with EGH's Arabia Taxi Abu Dhabi for passengers, corporate accounts, and airport transfer demand within the same emirate.

Regional players

• Al Shirawi Enterprises: Diversified Dubai-based family conglomerate spanning automotive distribution, equipment rentals, facilities management, and trading. Comparable to EGH in operating a multi-vertical UAE family-owned holding structure with automotive and mobility adjacencies.
• Gargash Enterprises: UAE-based family conglomerate with automotive distribution, rental, and services portfolio. Comparable to EGH in automotive distribution and multi-brand service operations across the UAE market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/economicgroupholdings
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Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries87 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Economic Group Holdings