Swvl Holdings Corporation has announced the renewal of a significant three-year contract with a large enterprise in the essential services sector, valued at approximately $4 million. The contract, expected to exceed $5.2 million by its expiry, marks the continuation of a longstanding six-year relationship. This renewal underscores Swvl's strategic expansion across Saudi Arabia, particularly in providing essential transportation services to NEOM, the ambitious smart city project currently under construction. By securing this contract, Swvl aims to solidify its position as a key partner in the region's logistics sector, supporting ongoing infrastructure and development initiatives. CEO Mostafa Kandil expressed the company's commitment to delivering reliable and innovative transportation solutions as part of their mission to expand their network in Saudi Arabia.
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