{"id":666960,"date":"2025-06-17T00:00:00","date_gmt":"2025-06-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/ride-hailing-app-arrw-secures-operating-license-plus-real-estate-funds-nowpay-united-international-holding-company\/"},"modified":"2025-06-17T00:00:00","modified_gmt":"2025-06-17T00:00:00","slug":"ride-hailing-app-arrw-secures-operating-license-plus-real-estate-funds-nowpay-united-international-holding-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/ride-hailing-app-arrw-secures-operating-license-plus-real-estate-funds-nowpay-united-international-holding-company\/","title":{"rendered":"Ride-hailing app Arrw secures operating license. PLUS: Real estate funds, Nowpay + United International Holding Company"},"content":{"rendered":"<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Newly-launched R<\/strong><strong>ehla Rides secured its operating license to start offering ride-hailing <\/strong><strong>services <\/strong>through its app Arrw, according to a Transport Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02KUvvH82D2Dj11VpzBmVV1ciunyTzkMYbtsDmPYwoSck9ZAkWHCdVAXnx58XABKFhl\" style=\"\" rel=\"noopener\">statement<\/a>. The firm will invest EGP 400 mn in the first year of operation. It aims to have 425k active users and employ 10k drivers by the end of the second year of operation, as well as expand its current fleet of 600 cars to 100k within the coming three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company will kick off operations with a three-month trial period in Alexandria and the <\/strong><strong>North Coast<\/strong> before expanding operations to encompass Cairo, the Delta region, Upper Egypt, and other tourist hotspots in the following 18 months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to gi<\/strong><strong>ve it a go? <\/strong>Download Arrw \u2014 Rehla\u2019s integrated transport services application \u2014 from the <a target=\"_blank\" href=\"https:\/\/apps.apple.com\/eg\/app\/arrw\/id6744344347\" style=\"\" rel=\"noopener\">App Store<\/a> or <a target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.arrw.arrwClient&amp;hl=en&amp;pli=1\" style=\"\" rel=\"noopener\">Google Play<\/a>. <\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Four companies ha<\/strong><strong>ve applied to receive licenses to establish real estate investment <\/strong><strong>funds (REIFs)<\/strong>, which are now expected to go live in 3Q 2025, Financial Regulatory Authority (FRA) head Mohamed Farid told <a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbEGY\/status\/1934539090738758037\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The regulator has \u201csimplified procedures\u201d for issuing real estate fund licenses to speed up their launch, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The groundwork for REIFs has already been laid<\/strong>, with Azimut and MNT-Halan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c3a1a76-c62c-428f-a72b-c74c8641fd81\/azimut-partners-with-mnt-halan-to-launch-a-egp-250-mn-real-estate-investment-fund\" style=\"\" rel=\"noopener\">receiving the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c3a1a76-c62c-428f-a72b-c74c8641fd81\/azimut-partners-with-mnt-halan-to-launch-a-egp-250-mn-real-estate-investment-fund\" style=\"\" rel=\"noopener\">green<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c3a1a76-c62c-428f-a72b-c74c8641fd81\/azimut-partners-with-mnt-halan-to-launch-a-egp-250-mn-real-estate-investment-fund\" style=\"\" rel=\"noopener\">light<\/a> earlier this year to set up a EGP 250 mn REIF, with plans to expand it to EGP 2 bn over two years. Similarly, Misr Real Estate Assets Management CEO Maha Abdel Razek told EnterpriseAM in February that the company is preparing to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/706214b6-d87f-41fa-9c7d-60f82bc0a4d9\/coffee-with:-maha-abdel-razek,-ceo-of-misr-real-estate-assets-management\" style=\"\" rel=\"noopener\">launch its first real estate fund<\/a> soon. Meanwhile, the FRA and Finance Ministry have been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a9aa4eda-ba6a-4f12-979b-437a1623ccf7\/more-flexibility-for-real-estate-funds%3F\" style=\"\" rel=\"noopener\">weighing amendments to REIF regulations<\/a> that could make the funds more attractive \u2014 including scrapping the 22.5% capital gains tax on property sold to REIFs and loosening a rule requiring funds to invest at least 80% of their portfolios in real estate assets or shares in real estate companies.<\/p>\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian fintech <\/strong><strong><a target=\"_blank\" href=\"https:\/\/nowpay.com\/\" style=\"\" rel=\"noopener\">Nowpay<\/a><\/strong><strong> launched a KSA-based payroll administration company Now <\/strong><strong>Access with Saudi\u2019s United International Holding Company<\/strong> \u2014 owner and operator of the Tas\u2019heel brand name \u2014 according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88113&amp;anCat=1&amp;cs=4083&amp;locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> to the Tadawul. United inked an MoU with Nowpay <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/02ff3d60-70f8-4c9a-a718-e5a7ec047697\/uihc-to-set-up-new-fintech-company\" style=\"\" rel=\"noopener\">in January<\/a> to form the company with a total planned investment of SAR 75 mn, which the Saudi partner player has a majority stake in under a three-to-one split.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will kick off operations with a three-month trial period in Alexandria and the North Coast<\/p>\n","protected":false},"author":1,"featured_media":666961,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,144,102,68,72,131,83,328,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-capital-markets","tag-egx","tag-enterpriseam","tag-manufacturing","tag-real-estate","tag-ride-hailing","tag-transport","wpautop","entry"],"acf":{"mongo_id":"0a49f169-d9ef-4a1b-9c8c-4e82cb769691","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/873.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ride-hailing app Arrw secures operating license. 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White-taxi drivers were supposedly launching this very same app back in 2016 at the height of their complaints over the growth of ride-hailing apps Uber\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","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":594045,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypts-swvl-allegedly-defying-orders-from-kenyan-transport-regulator-to-stop-operations-due-to-licensing-issues\/","url_meta":{"origin":666960,"position":1},"title":"Egypt\u2019s Swvl allegedly defying orders from Kenyan transport regulator to stop operations due to licensing issues","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"STARTUP WATCH- Uh, is Swvl operating in Kenya without the right licenses? Mass transit app Swvl has reportedly defied orders from Kenya\u2019s transport regulator to stop operations there on the grounds that it doesn\u2019t have the right permits it needs to operate, Kenyan publication Business Daily reports. Kenya\u2019s National Transport\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\/2020\/11\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592036,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/24\/mowasalat-misr-to-launch-a-ride-hailing-company-smart-transport-system-between-governorates\/","url_meta":{"origin":666960,"position":2},"title":"Mowasalat Misr to launch a ride-hailing company, smart transport system between governorates","author":"enterpriseam admin","date":"24 December 2019","format":false,"excerpt":"State-owned public transportation company Mowasalat Misr will launch a ride-hailing company to operate smart microbuses in Cairo by 2Q2020, CEO of Mowasalat Misr Hesham Taha said, according to Al Mal. The ticket price for one trip will not exceed EGP 25, Taha added. Mowasalat Misr will also be launching a\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","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":593810,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/10\/egyptian-childrens-ride-hailing-app-hive-raises-usd-400000-investment\/","url_meta":{"origin":666960,"position":3},"title":"Egyptian children\u2019s ride hailing app Hive raises USD 400,000 investment","author":"enterpriseam admin","date":"10 October 2019","format":false,"excerpt":"STARTUP WATCH- Hive, a Cairo-based ride-hailing app for children, has secured a USD 400k investment from Abdelmoneim Al Adawy, one of the application\u2019s earliest customers, according to Menabytes. The investment will be used to improve the application\u2019s safety and scale up the company.An alternative to school buses: Hive was founded\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":568591,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/taxi-association-refuses-to-cooperate-with-uber-as-it-launches-new-white-taxi-hailing-service\/","url_meta":{"origin":666960,"position":4},"title":"Taxi association refuses to cooperate with Uber as it launches new white taxi hailing service","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Taxi association refuses to cooperate with Uber as it launches new white taxi hailing service: The head of Egypt\u2019s association for white taxi drivers has refused to cooperate with ride-hailing apps as Uber launches a new service allowing users to hail white taxis in Egypt. Mahmoud Abdel Hamid told Al\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":542809,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/careem-to-increase-investment-in-egypt\/","url_meta":{"origin":666960,"position":5},"title":"Careem to increase investment in Egypt","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Careem plans to triple its investment in Egypt in 2022, Haitham Essam, head of the company\u2019s Egypt business, told Ahram Online. 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