ADCB brings Abu Dhabi'sfirst public bicycle sharing system

Abu Dhabi, 28December 2014: Abu Dhabi Commercial Bank (ADCB) announced today the UAE’s first public bicycle sharingsystem, ADCB Bikeshare. In partnership with Cyacle, a private bike-sharing venture seeded by the Khalifa Fundfor Enterprise Development, ADCB introduces the nation’s capital to a new cost-effective and energy-saving method of transport for recreational and leisure purposes.

Initially offering 75 bicycles for hire at10 locations on Yas Island and Al Raha Beach, ADCB Bikeshareaims to offer both transportation benefitsand support a healthier and more sustainable lifestyle in Abu Dhabi. Martin Scott, Chief Marketing Officer of ADCB said: “Supporting the community and its growing ambitions lies at the heart of ADCB’s vision. Through our partnership with Cyacle, we hope thatADCB Bikesharewillplay a small part in encouraging a healthy, more economical and environmentally sustainable lifestylefor people in Abu Dhabi.”

ADCB Bikeshare is powered by Cyacle, an initiative co-founded by entrepreneurs, Mohammed Bashkeel and Hani Akasha to bring the exciting concept of bike-sharing to Abu Dhabi. The founders established Cyacle after visiting New York and London and using the successful bike share systems in operation in both cities.

Away from the city traffic and hustle bustle, both Yas Island and Al Raha Beach feature a well-constructed, purposeful cycling path that lend themselves to a great location for a family activity this season.

What is Bikeshare?
Bikeshare is a global innovative transportation programme that helps commuters get around the city in an easy and convenient manner. Members of a bikeshare programme have access to bicycles through self-service stations located across the city. Bikes can be picked up or returned to any station, creating an efficient network with many pick up and drop off spots.

Costs to use ADCB Bikeshare:
The first 30 minutes of using ADCB Bikeshare is always free as long as the initial one-off fee is paid. The one-off fee varies as per the different packages. If the bike is not docked after the first half an hour, then charges apply and increase as the hours increase.  This price system is put in place to encourage riders to dock their bikes when bikes are not in use in order to make the bikeshare more available. Riders can either purchase a one day pass at AED 15/- or a three day pass at AED 40/-. Monthly membership is also available for a one-off fee of AED 99/- and an annual membership costs AED 499/- per year. These memberships are subject to the first hour of riding being free as opposed to the first 30 minutes when purchasing the daily packages.Users are encouraged to carry their helmets and ride safely, while enjoying the ADCB Bikeshare experience.