Uber is investing EGP 500 mn in Egypt over the coming two years as part of a larger EGP 2.2 bn Middle East expansion plan, Uber Egypt General Manager Anthony Khoury said in a statement yesterday (pdf). “The investment will go towards providing more resources and training to grow the driver network, continuing to develop the technology as need for Egypt in order to reach more people and cities and the opening of bigger office spaces and training centres,” the statement said. Uber Egypt also noted that there are over 30k drivers using the platform to generate income on a full- or part-time basis; 40% of them were unemployed before joining the ride-hailing company. Al Borsa has picked up the statement in Arabic.