Dubai, October 11, 2010: Budget Rent-a-Car, one of the world's leading car and van rental companies, is set to boost its presence in Dubai by opening three new branches before the end of the year.
The company's newest branch was opened recently at '8 Boulevard Walk' tower in the Burj Downtown area. This outlet will especially cater to clients from the surrounding areas, including Dubai International Financial Centre (DIFC), Burj Downtown and Sheikh Zayed Road.
The announcement was made by UAE-based Liberty Investment Company (LIC), the UAE master franchisee for Budget Rent-a-Car, as it continues to implement its nationwide expansion plan.
"Budget is quite bullish on the UAE in general and Dubai in particular. We are on target to achieve 20 per cent growth in 2010, as economic recovery continues to gather pace," said Salim Damji, Senior General Manager, UAE, Budget Rent-a-Car. "We are delighted to open our newest branch in the heart of an area that represents Dubai's rising ambitions as a global tourism, financial and trading centre and houses Burj Khalifa, the world's tallest building."
Later in the year, Budget is set to open two more branches in Dubai Marina and Dubai Investments Park, as part of its strategy to tap growing opportunities in New Dubai. With this, Budget's UAE network will increase to 17 branches before the end of 2010, with a fleet of over 6,000 vehicles.
Commenting on the car rental industry in general in the UAE, Damji anticipates least 25% growth over the next two years, with market consolidation for those with strong fundamentals of capital investment and established management.
"Our key strengths are our reputed global brand, modern fleet of vehicles and nationwide sales and service facilities in the UAE. We ensure that our rates are always competitive, thus giving 'value for money' to our customers," added Damji.
Budget's UAE network includes offices in Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah and Fujairah, making it one of the largest and most successful vehicle rental networks in the country.
Established in the UAE in 1981, Budget Rent-a-Car has built a strong reputation in the country's car rental industry, offering daily, weekly, weekend and monthly rentals as well as short and long term leasing to individuals and the corporate sector. Budget's growing fleet features a wide range, from small to luxury class vehicles, including 4-wheel drives and commercial vehicles.
Budget has been a customer-focused and innovative player in the UAE market. It was the first car rental company in the UAE to offer satellite navigation equipment on rent with the vehicle, and this facility is constantly upgraded with latest technology to keep track of the changing road system in the country. It offers a user-friendly online reservations facility through its website www.budget-uae.com.
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About Budget:
Budget is one of the world's top three vehicle rental companies, with revenues of US$2.4 billion per annum. It has a global presence of more than 2700 locations in 115 countries and territories. The company was founded in 1958 as a car rental company for the value conscious customer. Since then, it has helped define the car rental industry through precedent setting products and services and is recognised as the market leading car rental brand in the Middle East region.
About Liberty Investment Co LLC
Established over 30 years ago, Liberty Investment Co. (LIC) is the UAE-based holding company for a wide range of leading international and local brands and businesses in the United Arab Emirates. LIC is a professionally managed company with diversified business interests in the automobile trade, travel & tourism, transportation, real estate and logistics sectors. For more information, please log on to www.licuae.com.
For media queries please contact:
Anthony D'Silva
anthony@communicategulf.com
Communicate Gulf,
PO Box 50411,
Dubai,
UAE.
Tel. +971 50 4571624.
© Press Release 2010
