{"id":638669,"date":"2017-10-11T03:54:17","date_gmt":"2017-10-11T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/"},"modified":"2017-10-11T03:54:17","modified_gmt":"2017-10-11T03:54:17","slug":"uber-invests-usd-20-mn-in-new-service-center-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/","title":{"rendered":"Uber invests USD 20 mn in new service center in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Ride-hailing app Uber announced yesterday that it invested USD 20 mn in the new support center it inaugurated in Cairo<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-uber-egypt-investment\/uber-says-committed-to-egypt-announces-20-million-investment-idUSKBN1CF2FO\">according to Reuters<\/a>. 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 here.\u201d The center is the company\u2019s first in the Middle East, according to an <a href=\"http:\/\/www.miic.gov.eg\/Front\/Media\/NewsDetail.aspx?MedId=8423\">Investment Ministry statement<\/a>. Uber is also in talks to <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/24\/us-companies-institutions-pledge-new-investments-in-new-yorkinvestment-watch-in-new-york-us-companies-and-institutions-pledge-new-investment-the-international-finance-corporations-ifc-exe\/\">launch a new bus service<\/a> in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 here.\u201d The center is the [&hellip;]<\/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-638669","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"89cd541d-4f96-4a9f-b166-ba527e0e6672","order":"0","is_powered_by":true,"section_story_id":"c4293de0-00b4-43d6-a7da-51e4eff7f54d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638654],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uber invests USD 20 mn in new service center 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\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber invests USD 20 mn in new service center in Egypt\" \/>\n<meta property=\"og:description\" content=\"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 here.\u201d The center is the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-11T03:54:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Uber invests USD 20 mn in new service center in Egypt\",\"datePublished\":\"2017-10-11T03:54:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/uber-invests-usd-20-mn-in-new-service-center-in-egypt\/\",\"name\":\"Uber invests USD 20 mn in new service center in Egypt - 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Obstacles like a challenging regulatory environment make this more of a long-term plan, but the company is definitely looking to enter the high\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":630601,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-uber-really-going-to-invest-usd-100-mn-in-its-support-center-in-egypt\/","url_meta":{"origin":638669,"position":2},"title":"Is Uber really going to invest USD 100 mn in its support center in Egypt?","author":"enterpriseam admin","date":"26 April 2018","format":false,"excerpt":"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 sit-down \u201cfocused on the extent to which investments\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":595120,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/","url_meta":{"origin":638669,"position":4},"title":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020","author":"enterpriseam admin","date":"17 September 2019","format":false,"excerpt":"STARTUP WATCH- Swvl is seeking to raise more than USD 100 mn in a financing round in 1Q2020, and targeting a USD 1 bn valuation in the coming five years, co-founder and CEO Mostafa Kandil told Reuters. \u201cWe were a company worth about USD 2 mn two years ago and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597103,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/mena-startups-raised-usd-471-mn-in-1h2019-egypt-second-largest-recipient\/","url_meta":{"origin":638669,"position":5},"title":"MENA startups raised USD 471 mn in 1H2019, Egypt second largest recipient","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"MENA startups have raised USD 471 mn during the first half of the year, surging 66% y-o-y, according to Magnitt\u2019s MENA Venture Investment Report 1H2019 update. 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