{"id":630601,"date":"2018-04-26T04:28:49","date_gmt":"2018-04-26T04:28:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-uber-really-going-to-invest-usd-100-mn-in-its-support-center-in-egypt\/"},"modified":"2018-04-26T04:28:49","modified_gmt":"2018-04-26T04:28:49","slug":"is-uber-really-going-to-invest-usd-100-mn-in-its-support-center-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-uber-really-going-to-invest-usd-100-mn-in-its-support-center-in-egypt\/","title":{"rendered":"Is Uber really going to invest USD 100 mn in its support center in Egypt?"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Is Uber really going to invest USD 100 mn in its support center in Egypt? <\/strong>Uber is reportedly planning to invest USD 100 mn in its Cairo support center in the coming five years, according to statements attributed to Uber COO Barney Harford by Al Mal<\/a>. Harford, who is reportedly visiting Egypt, supposedly said that the company plans to grow its regional support center employees to 1,000 in two years from a current 600. He added that the company is hoping to expand to half of Egypt\u2019s governorates by the end of the year.<\/p>\n

The Uber official also commented on the proposed Ride-hailing Apps Act<\/strong>, saying that clauses that would require the company to provide the government with access to its passenger and driver data would severely impact ride-hailing in Egypt, adding that it would be technically unfeasible. He also called on the law to allow prices and fares to be determined by market forces. Nonetheless, Harford applauded the government for trying to regulate the industry. The government had been rushing to get the law passed after the Administrative Court ruled to suspend licenses of Uber and Careem. A court of Urgent Matters had suspended the ruling. The Supreme Administrative Court will hold and appeals hearing on the ruling on Saturday, 28 April<\/a>.<\/p>\n

The proposed act was also attacked yesterday by the <\/strong>Electronic Freedom Foundation<\/strong><\/a>, which says the bill would grant state agencies real-time access to user data.<\/p>\n

Data-sharing clauses to be written out of the act? <\/strong>The House of Representatives is waiting on feedback from the Interior Ministry on amendments it made to the data-sharing clauses, House Transport Committee deputy chair Mohamed Abdullah Zain tells the newspaper. A House subcommittee reviewing the law suggested scrapping the requirement<\/a> that user data be stored in Egypt and made available to state agencies.<\/p>\n

Meanwhile, regional rival Careem said it will appeal a decision to ban the app in Amman.<\/strong> \u201cWe are working with the government of Jordan to obtain the license and in the meantime time we are appealing the recent ruling to ban us,\u201d a Careem spokesperson told Reuters<\/a>. Jordan\u2019s telecommunications regulator said that the app was blocked after a court ruling last week to suspend the services until Careem obtains a formal license.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Is Uber really going to invest USD 100 mn in its support center in Egypt? Uber is reportedly planning to invest USD 100 mn in its Cairo support center in the coming five years, according to statements attributed to Uber COO Barney Harford by Al Mal. 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The company, Africa\u2019s largest high-speed internet provider, has\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\/2020\/10\/286.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638669,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/","url_meta":{"origin":630601,"position":2},"title":"Uber invests USD 20 mn in new service center in Egypt","author":"enterpriseam admin","date":"11 October 2017","format":false,"excerpt":"Ride-hailing app Uber announced yesterday that it invested USD 20 mn in the new support center it inaugurated in Cairo, according to Reuters. Despite challenging economic conditions, Uber\u2019s EMEA chief Pierre-Dimitri Gore-Coty said that \u201cwe\u2019re here to stay and we\u2019ll continue to invest to be able to serve citizens over\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":593056,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/hong-kongs-handa-to-invest-usd-100-mn-in-egypt-jute-textiles-factory\/","url_meta":{"origin":630601,"position":3},"title":"Hong Kong\u2019s Handa to invest USD 100 mn in Egypt jute textiles factory","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"INVESTMENT WATCH- Hong Kong-based textiles manufacturer Handa Enterprise in planning to invest USD 100 mn in an idle jute products factory it leased from the Cotton and Textiles Holding Company, Handa\u2019s president said, according to Al Mal. The company will spend USD 10 mn in an initial first phase to\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":544384,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/","url_meta":{"origin":630601,"position":4},"title":"Careem taps into food delivery services with investment in Elmenus","author":"enterpriseam admin","date":"1 March 2022","format":false,"excerpt":"Uber subsidiary Careem is making an investment in homegrown Egyptian food ordering platform Elmenus, the Dubai-based company said in a statement cited by Bloomberg. The investment will \u201cextend our reach in one of our largest ride-hailing markets,\u201d Careem co-founder and CEO Mudassir Sheikha was quoted as saying in the statement,\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569208,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/17\/bosta-completes-seven-figure-usd-series-a-funding-round\/","url_meta":{"origin":630601,"position":5},"title":"Bosta completes seven-figure USD series A funding round","author":"enterpriseam admin","date":"17 February 2020","format":false,"excerpt":"STARTUP WATCH- Egyptian courier startup Bosta has raised seven figures in its series A funding round from European delivery giant DPD Group and Egyptian e-payment platform Fawry, the company said in a statement (pdf), without disclosing the exact amount. 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