{"id":542809,"date":"2022-01-18T04:10:08","date_gmt":"2022-01-18T04:10:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/careem-to-increase-investment-in-egypt\/"},"modified":"2022-01-18T04:10:08","modified_gmt":"2022-01-18T04:10:08","slug":"careem-to-increase-investment-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/careem-to-increase-investment-in-egypt\/","title":{"rendered":"Careem to increase investment in Egypt"},"content":{"rendered":"

<\/a> Careem plans to triple its investment in Egypt in 2022<\/strong>, Haitham Essam, head of the company\u2019s Egypt business, told Ahram Online<\/a>. The ride-hailing company wants to have deployed USD 11 mn in its local operations by the end of the year, up from USD 3.6 mn at the end of 3Q2021, he said.<\/p>\n

Planned expansion:<\/strong> Careem, a subsidiary<\/a> of US ride-hailing giant Uber, is planning to branch out into new sectors<\/a>, following its parent into food delivery and courier services as well as digital payments. It\u2019s unclear from Essam\u2019s interview with the state-owned newspaper how much the company plans to spend on these new ventures versus expanding its existing ride-hailing business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Careem plans to triple its investment in Egypt in 2022, Haitham Essam, head of the company\u2019s Egypt business, told Ahram Online. The ride-hailing company wants to have deployed USD 11 mn in its local operations by the end of the year, up from USD 3.6 mn at the end of 3Q2021, he said. Planned expansion: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[442,72,125,328,207,441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542809","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-careem","tag-enterpriseam","tag-investment-watch","tag-ride-hailing","tag-transport","tag-uber","wpautop","entry"],"acf":{"mongo_id":"1641c569-a723-4b38-aaa4-7b78c162fc48","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[542799],"teaser":"","voice_url":""},"yoast_head":"\nCareem to increase investment in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/careem-to-increase-investment-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Careem to increase investment in Egypt\" \/>\n<meta property=\"og:description\" content=\"Careem plans to triple its investment in Egypt in 2022, Haitham Essam, head of the company\u2019s Egypt business, told Ahram Online. The ride-hailing company wants to have deployed USD 11 mn in its local operations by the end of the year, up from USD 3.6 mn at the end of 3Q2021, he said. 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The company invested USD 50 mn in the app, which will\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594361,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/jordanian-authorities-sign-off-on-uber-careem-merger\/","url_meta":{"origin":542809,"position":2},"title":"Jordanian authorities sign off on Uber-Careem merger","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"Jordanian authorities sign off on Uber-Careem merger: Jordan\u2019s Industry, Trade, and Supply Minister Tariq Hammouri last week approved Uber\u2019s planned USD 3.1 bn acquisition of Careem after deciding that the transaction would have \u201climited\u201d negative effects on the market, the ministry said in a statement (pdf). Uber and Careem\u2019s combined\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/5.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597774,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/egyptian-competition-authority-uber-careem-meet-to-smooth-out-regulatory-snags-in-merger-process\/","url_meta":{"origin":542809,"position":3},"title":"Egyptian Competition Authority, Uber, Careem meet to smooth out regulatory snags in merger process","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"Competition authority meets with Uber, Careem on merger: The Egyptian Competition Authority (ECA) met on Thursday with representatives from Uber and Careem to discuss the regulatory approvals necessary for the ride-hailing companies\u2019 planned merger, the ECA said in a statement (pdf). The sit-down \u201cfocused on the extent to which investments\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571928,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/04\/egyptian-competition-authority-requires-careem-to-show-uber-affiliation-in-its-logo\/","url_meta":{"origin":542809,"position":4},"title":"Egyptian Competition Authority requires Careem to show Uber affiliation in its logo","author":"enterpriseam admin","date":"4 June 2020","format":false,"excerpt":"Careem has changed its logo to show that the company is owned by Uber, following a request from the Egyptian Competition Authority to clearly indicate its affiliation with the ride-hailing giant, according to Al Mal.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594888,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/careem-in-talks-with-egypt-over-mass-transit-services\/","url_meta":{"origin":542809,"position":5},"title":"Careem in talks with Egypt over mass transit services","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"Careem is in talks with the government to provide mass transit services, newly-appointed General Manager Wael Abou El Ela told Al Mal, without providing further details. We are still yet to hear from the Egyptian Competition Authority regarding the USD 3.1 bn Uber-Careem merger earlier this year. 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