Swvl secures 3-year contract worth up to $4M with a large enterprise

Swvl (SWVL) announced the renewal of its contract during January 2025 with a large enterprise in essential services. This renewed three-year agreement, valued at approximately $4 million, which Swvl expects to exceed $5.2 million by contract expiry, underscores the Company’s strategic role in expanding transportation operations by providing essential mobility services to NEOM, the region’s flagship smart city project in Saudi Arabia. By securing this contract renewal, Swvl believes that it further cements its position as a trusted partner in the region of Saudi Arabia’s logistics sector, where the demand for secure, reliable transportation solutions continues to grow. Swvl further believe that this transport use case is significant in the region, driven by ongoing investments in infrastructure, government projects, and regional development initiatives.