Dubai: Emirates Transport Media Dept.
Emirates Transport (ET) unveiled its 2018 Annual Report titled “Transforming to Stay Ahead”, which was published in both Arabic and English.
The report which combines the Corporation’s Annual Report and its Sustainability Report was prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option.
The report revealed ET achieved revenues of Dh2.71 billion, recording an increase of 8% compared to the previous year.
In his an introductory comments for the report, HE Eng. Hussain Ibrahim Al Hammadi, Minister of Education and Chairman of ET’s board of directors, highlighted the major changes and anticipated transformations currently witnessed on a global scale, which are leading to an urgent need to develop new methods and tools in transport services.
He said: “Being conscious of these inevitable changes at an early stage, ET did not content itself with common solutions to meet the new challenges, but further set up strategic initiatives and proactive plans to cope with these developments, seeing it as an opportunity to re-design the nature of its activities accordingly and implement new investment opportunities in this field.
“This ambitious approach is facilitated by the vast potential of the Corporation and its accumulated experience of 37 years, as well as the diversity of services and the solid relations with its partners and customers and their firm trust in the level of services provided to them. All these can be considered as core elements of the major achievements that ET has experienced in its march towards a successful future and in its relentless endeavor to reflect the vision of the State of 2021 and its centennial 2071,” added Al Hammadi.
Mohammed Abdullah Al Jarman, general manager of ET, said: “By the end of the year 2018, Emirates Transport has achieved a significant success in its continuous growth at the financial, institutional and community levels. It has enhanced its leadership position in the field of school and commercial transport, technical and logistic services, inside and outside the country, and also strengthened its strategic partnerships with various parties in government, semi-government and private sectors.
“In terms of financial results, Emirates Transport revenues in 2018 increased to AED 2.71 billion, a growth of 8% compared to 2017. The overall performance of the operating plan increased to 86% compared to only 84% in the previous year. At the same time, the total assets reached AED 3,589 million, while the Corporation’s fleet has increased to 29,640 vehicles and buses of different sizes and types,” added Al Jarman.
The ET general manager further stated: “The Corporation has succeeded in providing outstanding customer service to its base of 4,100 customers, expanding the latter by 5% compared to the previous year, an increase which clearly reflects the level of trust in Emirates Transport services and the strength of the contractual relationship with its customers.”
Commenting on the published report, Al Jarman praised the report for meeting the highest reporting specifications set by the GRI, particularly with regards to transparency and disclosure requirements.
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