Swvl plans expansion into Gulf countries in coming months

STARTUP WATCH- Ride-hailing app Swvl is looking to expand to the Gulf in the coming months, General Manager Omar Selim told Al Mal, without specifying which countries the company is targeting. According to Selim, the company prefers to operate in emerging markets with market demographics that are similar to Egypt’s, including population size and traffic congestion. Swvl said last year it plans to launch in the Philippines, Indonesia, and Bangladesh by the end of 2020. The company already operates in Kenya, Nigeria, and Pakistan.