Careem invests USD 100 mn in bus service in Egypt, with pilot set to launch before end of year

INVESTMENT WATCH- Careem’s USD 100 mn bus service in Egypt scheduled for pilot run. Careem has invested USD 100 mn developing a bus service in Egypt, the company’s Director of Category Management Hadeer Shalaby tells Youm7, with a pilot run scheduled before the end of 2018. The ride-hailing app has previously signaled its plans to roll-out bus-hailing services in Egypt, as it combines both its technology (Careem had acquired similar Indian bus shuttle service app Commut back in September) and its experience in the Egyptian transport sector for the new service.