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The company is in the business of operating taxis in Dubai for the past 2.5 decade, along with Luxury Motor Vehicles Services. As per the franchise agreement with Dubai Transport they have to replace their existing fleets with new vehicles for every 3 to 4 years.  Accordingly, in order to meet this requirement, the customer is currently having an ambitious expansion plan to grow their business by a way of replacing existing old fleets with newer vehicles, the later to be imported / purchased from the following Car dealers / Agents  like ( Al Futtaim, Nissan, Peugeot, Ford, And more).

The company is planning to capitalize AED (--- detail enclosure is attached), as this needed / required to enable them purchasing an overall new number of 400 vehicles from local and international market as well. As per the business plan / forecasting income statement the company will reach the break even point in the first year and will reveal the profit in the first year of operation of the new proposed fleets.