By Staff www.arabianbusiness.com
Uber Technologies Inc, the app-based taxi service part-owned by Qatar, is to invest $250 million in expansion plans in the Middle East and North Africa, a senior executive has said.
The region has some of the ride-sharing service’s fastest-growing markets and Uber plans to begin service in new cities in Saudi Arabia and Egypt and enter Pakistan, beginning in Lahore, Bloomberg reported.
It quoted Jambu Palaniappan, the company’s regional general manager for the Middle East, Africa and Central and Eastern Europe, as saying that the investment will go toward hiring drivers, expanding staff and enhancing Uber’s mobile application.
Uber entered the region two years ago and operates in nine countries – Bahrain, Egypt, Lebanon, Qatar, Saudi Arabia, Jordan, Israel, Turkey and the UAE. More info