{"id":635894,"date":"2017-12-17T04:03:19","date_gmt":"2017-12-17T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/uber-careem-increase-investment-in-egypt\/"},"modified":"2017-12-17T04:03:19","modified_gmt":"2017-12-17T04:03:19","slug":"uber-careem-increase-investment-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/uber-careem-increase-investment-in-egypt\/","title":{"rendered":"Uber, Careem increase investment in Egypt"},"content":{"rendered":"

Uber, Careem, and other ride-hailing apps are increasing their investment in Egypt and providing innovative solutions to beat Cairo\u2019s traffic<\/strong>, Tamim Elyan writes for Bloomberg<\/a>. Both Uber and Careem are also increasing investments in Egypt. Careem is planning to triple its USD 25 mn investment in Egypt to USD 75 mn and MD Ramy Kato expects \u201cunconventional transport to outstrip its car service in three to four years from about 10 percent of its business now.\u201d Uber is in talks with the government to start a bus service and is investing USD 20 mn in a customer service center in Cairo. \u201cIf you can keep innovating and coming up with different methods to get more people in fewer vehicles and get Cairo and other cities to be less congested, that is definitely a good thing and not just for the ride-sharing industry,\u201d Uber Egypt GM Abdellatif Waked says.<\/p>\n","protected":false},"excerpt":{"rendered":"

Uber, Careem, and other ride-hailing apps are increasing their investment in Egypt and providing innovative solutions to beat Cairo\u2019s traffic, Tamim Elyan writes for Bloomberg. Both Uber and Careem are also increasing investments in Egypt. Careem is planning to triple its USD 25 mn investment in Egypt to USD 75 mn and MD Ramy Kato […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635894","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"49187c87-3e2a-42c2-9037-fc0533ac15c1","order":"0","is_powered_by":true,"section_story_id":"8ab8e8ca-01d1-4376-95ce-6c178c3ea6fb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635883],"teaser":"","voice_url":""},"yoast_head":"\nUber, Careem 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\/2017\/12\/17\/uber-careem-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=\"Uber, Careem increase investment in Egypt\" \/>\n<meta property=\"og:description\" content=\"Uber, Careem, and other ride-hailing apps are increasing their investment in Egypt and providing innovative solutions to beat Cairo\u2019s traffic, Tamim Elyan writes for Bloomberg. 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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\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\/internal\/536550.png?resize=350%2C200&ssl=1","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":635894,"position":1},"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":604504,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/uber-pilots-bus-service-in-cairo\/","url_meta":{"origin":635894,"position":2},"title":"Uber pilots bus service in Cairo","author":"enterpriseam admin","date":"5 December 2018","format":false,"excerpt":"Uber pilots bus service in Cairo: Uber CEO Dara Khosrowshahi was in Cairo yesterday to launch Uber Bus, the ride-hailing company\u2019s mass transit service. Cairo is the first city to pilot the service globally.How does it work? 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The court accepted an appeal filed by Uber and Careem against a lower court ruling last March that saw the services\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\/2\/2277.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646535,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/abraaj-sells-stake-in-careem-to-kingdom-holding-company\/","url_meta":{"origin":635894,"position":4},"title":"Abraaj sells stake in Careem to Kingdom Holding Company","author":"enterpriseam admin","date":"18 June 2017","format":false,"excerpt":"Abraaj exits Careem, places stake with Alwaleed bin Talal\u2019s Kingdom Holding: The Abraaj Group announced that it successfully sold its stake in ridesharing app Careem to Kingdom Holding Company. 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