Back to the complete issue
Thursday, 7 February 2019

Uber sees Egypt as one of its “most promising markets” in the Middle East

Uber sees Egypt as one of its “most promising markets” in the Middle East, where it is going after the region’s “exploding youth population,” Nicolas Parasie writes for the Wall Street Journal. The ride-hailing company has been expanding its presence in Egypt and elsewhere in the region as it looks to reach 1 bn users ahead of an IPO that could be value the company at c. USD 120 bn. Although some countries in the region, including Jordan and Qatar, are not major contributors to the company’s top line, the region’s allure lies in “its booming population of tech-savvy youth.”

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.