SIXT operates in Oman through the company Moosa Abdul Rahman Hassan & Co. and its car rental specialist Moosa Car Rentals LLC as franchisees.
The San Francisco-based ride-hailing firm will pay $1.4 billion in cash and $1.7 billion in convertible notes.
According to sources, who declined to be named because the talks are private, the companies have discussed numerous potential deal structures, but haven’t come to a final agreement.
As of now, only licensed taxi drivers are driving for the ride-hailing group, although it plans to add private cars later.
Quick Lease Car Rental offers a selection of over 30 vehicle models, such the Nissan Sentra and Lamborghini Aventador Roadster.
The expansion will initially aim to provide car rental services at all the major airports.
Enterprise Holdings Inc. has announced its entrance into Armenia with new franchise partner TravelCar. With this partnership, Enterprise intends to also operate in the nearby country of Georgia.
A sustained period of low oil prices has slowed new development in the region, and service industries are processing the impact.
The fourth edition of Auto Rental News International — focused on the Middle East/Africa region — is now available online.
The second largest economy in the Middle East is poised for foreign investment, if post-nuclear deal jitters can be eased.