{"id":604506,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/our-sitdown-with-dara-khosrowshahi\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"our-sitdown-with-dara-khosrowshahi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/our-sitdown-with-dara-khosrowshahi\/","title":{"rendered":"Our sitdown with Dara Khosrowshahi"},"content":{"rendered":"

Our sitdown with Dara Khosrowshahi:<\/b> We had the opportunity to speak with the Uber CEO on his first visit to Cairo since taking over the company. The discussion ranged from the launch of Uber Bus to the company\u2019s love of Egypt as an investment destination, how Egypt fits into its global strategy and where he sees the future of ride-hailing and transportation. Edited excerpts:<\/p>\n

Why the company\u2019s bus service made its global debut in Cairo:<\/b> We started in Egypt because it is an important market for us. It\u2019s our largest market in the Middle East, it\u2019s one of the fastest growing markets and a top 10 market in terms of trips on a global basis. We\u2019re big believers in the Egyptian economy and what President Abdel Fattah El Sisi is doing. So it is a market we are going to continue to invest in. What\u2019s important for us in investing in Egypt (or any market) is making sure we increase the accessibility of our service to a broad range of Egyptians. Minibuses are a popular mode of transport in Cairo and a lot of big cities, and what we want to do is to take bus services to the next generation. So what you will see with the Uber Bus service are very exciting new features such as dynamic routing, and a deep integration into our product, which we are starting in Egypt and from where we will expand to the rest of the globe.<\/p>\n

Uber will invest USD 100 mn here over the next five years: <\/b>The growth is all over our Egypt services, honestly. The Egyptian market is an incredibly healthy market and that has led us to invest over USD 100 mn in the next five years. We are also building a center of excellence here. Uber Scooter is off to a terrific start here, and we hope Uber bus will have the same sort of start.<\/p>\n

How much is Uber investing in the product launch?<\/b> If the service grows like we expect it to, the investment will be significant. Right now the investment is in the technology that is integrated in the mainline. I can\u2019t share investment numbers just yet, as the numbers will depend on how big the business gets. But my expectation is that the investment will get very significant.<\/p>\n

Ride-hailing Apps Act is a \u201cmodel regulation\u201d for the rest of the world: <\/b>We believe that the law is a very constructive law. We\u2019ve always wanted to work with authorities to make sure are services are ones that fit in with the vision of the government, and is also able to help the local economy grow. We over 90,000 monthly active Uber drivers now. So we\u2019re waiting for the executive regulations to come out, and we\u2019re looking for a constructive dialogue with the government here. But I think that this regulation has a potential of being not only a strong regulation here in Egypt, but a model regulation for the world.<\/p>\n

Where does Egypt fit in to Uber\u2019s global strategy of becoming \u201c<\/b>the Amazon of transportation<\/b><\/a>\u201d?<\/b> When I talk about becoming the Amazon of transportation, I\u2019m really talking about moving beyond just cars and into whatever form of transportation. And Egypt for us is going to be an innovation front. I think Uber Bus is going to be an incredibly important part of the various types of transportation that we offer, and if we are going to achieve this vision, Egypt is going to be very crucial to that.<\/p>\n

How is Uber adapting to younger (Taxify) and at times homegrown competitors (Swvl), <\/b>which the Wall Street Journal<\/b><\/a> has described as more nimble? <\/b>These competitors are certainly younger, but I take issue with them being nimbler. I think competition is good for any industry, makes us smarter and sustainable, and makes us continue to be at the bleeding edge of innovation.<\/p>\n

Was there an acquisition involved in Uber Bus?<\/b> The Uber Bus technology and service was really built from the ground up, and in a very integrated way with Uber\u2019s other lines of business. So this will not be a service on the side and will be part of the mainline.<\/p>\n

How does the business of Uber Bus work?<\/b> We\u2019re essentially working with local providers to supply the buses. We don\u2019t buy the buses, as you know there are a lot of local providers. And we want to partner with local businesses to build the Uber Bus service.<\/p>\n

Uber Bus is part of the company\u2019s drive to cater to a wide cross-section of society: <\/b>Our mission is to essentially be the mobility on demand for service for cities all around the world. And we want to make mobility available in many forms, including UberX. Options like Uber Bus and Uber Scooter increase accessibility by making mobility on demand essentially more affordable for everybody. We\u2019re combining that with the launch of Uber Lite, so if you have Android phones that are less powerful or don\u2019t have the broadband access as someone in the US, you have accessibility.<\/p>\n

Sorting out Cairo\u2019s traffic problem: <\/b>\u00a0We consider it a challenge. And with a service like Uber Bus and our ability to dynamically route, we believe we can be a solution for Cairo\u2019s traffic problems. This is going to take a lot of experimentation and partnership with the city and government as well. We\u2019re certainly up for it, and we believe this is going to be a multi-year investment for us in partnership with the government.<\/p>\n

What\u2019s next? Maybe an Uber Tuk-tuk? <\/b>Never say never. With the launch of Uber Scooter and Uber Bus, there\u2019s going to be a lot of experimentation and investment in that format. But we\u2019re constantly looking at different ideas. We\u2019re looking at an auto rickshaw product in India and if it works there, we\u2019ll expand it as well. We really look at the particular needs to every city and based on the success of a rollout in a city, we\u2019ll expand. If the potential for Uber Bus proves out, it will be a product we will launch globally.<\/p>\n

Electric cars are also on the menu: <\/b>We\u2019re certainly interested in reducing congestion and helping the environment, so electric is definitely a part of that. And we\u2019re open to dialogue with the government on electric transportation.<\/p>\n

Driverless here in Egypt? Way, way, waay down the road? <\/b>Based on my experience getting from the airport to here, we would really have to optimize our driverless hours to make it work here. With driverless, you have to start some place, but I wouldn\u2019t go to Cairo tomorrow.<\/p>\n","protected":false},"excerpt":{"rendered":"

Our sitdown with Dara Khosrowshahi: We had the opportunity to speak with the Uber CEO on his first visit to Cairo since taking over the company. The discussion ranged from the launch of Uber Bus to the company\u2019s love of Egypt as an investment destination, how Egypt fits into its global strategy and where he […]<\/p>\n","protected":false},"author":1,"featured_media":604507,"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":[8572],"tags":[11509,72,125,328,2380,441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-dara-khosrowshahi","tag-enterpriseam","tag-investment-watch","tag-ride-hailing","tag-speed-round","tag-uber","wpautop","entry"],"acf":{"mongo_id":"c5563f62-3dc1-4a95-b16a-7c17586b68ff","order":"0","is_powered_by":true,"section_story_id":"dd06c7b6-1a38-4d56-9bdd-920fed2b3cd1","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/12\/1545.jpg","photo_position":"above","related_issue":[604497],"teaser":"","voice_url":""},"yoast_head":"\nOur sitdown with Dara Khosrowshahi - 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\/2018\/12\/05\/our-sitdown-with-dara-khosrowshahi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our sitdown with Dara Khosrowshahi\" \/>\n<meta property=\"og:description\" content=\"Our sitdown with Dara Khosrowshahi: We had the opportunity to speak with the Uber CEO on his first visit to Cairo since taking over the company. 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This will be Khosrowshahi\u2019s (bio) first visit to Egypt as Uber CEO. The announcement will be made along with Investment Minister Sahar Nasr. AUC\u2019s Business Forward Anniversary event takes\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625950,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/27\/uber-to-begin-implementing-longer-term-sustainability-plans-soon-ceo\/","url_meta":{"origin":604506,"position":4},"title":"Uber to begin implementing longer-term sustainability plans soon -CEO","author":"enterpriseam admin","date":"27 August 2018","format":false,"excerpt":"Uber looking at scooters and e-bikes for short hops: Uber is getting ready to replace cars in its service with scooters and electric bicycles for shorter journeys, CEO Dara Khosrowshahi tells the Financial Times in an interview. The move, which is part of the ride-hailing company\u2019s long-term strategy, will hurt\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":622500,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/el-sisi-met-uber-ceo-khosrowshahi-as-competition-watchdogs-warning-against-potential-careem-merger-loom\/","url_meta":{"origin":604506,"position":5},"title":"El Sisi met Uber CEO Khosrowshahi as competition watchdog\u2019s warning against potential Careem merger loom","author":"enterpriseam admin","date":"3 October 2018","format":false,"excerpt":"** #3 El Sisi met Uber CEO Khosrowshahi: Uber CEO Dara Khosrowshahi discussed the company\u2019s operations in Egypt and investment plans going forward with President Abdel Fattah El Sisi last week on the sidelines of the 73rd UN General Assembly in New York, the company said in a statement (pdf)\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=604506"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604506\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/604507"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604506"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604506"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}