Home Business Uber-Careem deal: A UAE success story

Uber-Careem deal: A UAE success story


The UAE-born ride-hailing app Careem will be acquired for $3.1 billion by Uber. Once completed early next year, the company will become a wholly owned subsidiary of Uber, but will operate its regional services and brand independently.

This will be the largest technology transaction in the Middle East ever. According to Mudassir Sheikha, Careem chief executive/co-founder, joining forces with Uber would help accelerate its mission of simplifying and improving the lives of people and building an inspirational organisation.

Together the companies plan to expand and capitalise on the region’s mobility opportunity and growing digital economy.

Marianna Wisden, Mojo PR

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Dubai 100