Fujifilm, Egypt's UPA Sign MoU to Advance Healthcare Training and Technology at Africa Health ExCon    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Lagarde's speech following ECB rate cuts    OPEC+ defends decision amid oil volatility    Acceleration needed in global energy transition – experts    Sri Lanka grants Starlink preliminary approval for internet services    European stocks rise on tech ahead of ECB meeting    Colombia likely to cut coal sales to Israel amid ongoing war on Gaza    HDB included in Brand Finance's top 200 brands in Africa for 2024    China-Egypt relationship remains strong, enduring: Chinese ambassador    MSMEDA aims to integrate environmental dimensions in SMEs to align with national green economy initiatives    Egypt, Namibia foster health sector cooperation    Palestinian resistance movements to respond positively to any ceasefire agreement in Gaza: Haniyeh    Egypt's EDA, Zambia sign collaboration pact    Managing mental health should be about more than mind    Egypt, Africa CDC discuss cooperation in health sector    Sudanese Army, RSF militia clash in El Fasher, 85 civilians killed    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Uber to invest $20 mln in Egypt's newly inaugurated Centre of Excellence
Published in Ahram Online on 10 - 10 - 2017

International ride-hailing company Uber will invest $20 million in the next five years in the Centre of Excellence (CoE) in Cairo's Fifth Settlement, Uber Vice President and Head of Operations EMEA Pierre-Dimitri Gore-Coty said at the centre's inauguration Tuesday.
Serving customers in 16 countries, the CoE is the largest in the EMEA (Europe, the Middle Ease and Africa) region, and the second largest in the world, after the one in India.
The investments will be spent on hiring teams, training them and expanding the centre's facilities.
From a current 400 employees, Uber targets bringing this number to 700 by year-end, and 1,000 by 2020.
“The CoE reflects the welcoming atmosphere for US companies and shows the potential of economic partnership between the two countries,” Thomas Goldberger, the US Embassy's Chargé d'Affaires, said at the inauguration.
Uber's expansion plans also include launching its services in more cities as well as expanding to remote parts of cities where it already operates, Gore-Coty told Ahram Online.
The ride-hailing service currently operates in Cairo, Alexandria, and Mansoura, in addition to the North Coast during the summer.
Uber mass transportation
Uber has not yet determined which service it will launch for mass transportation, pending the drafting of the legislation that governs ride-hailing apps in Egypt.
Investment and International Cooperation Minister Sahar Nasr, who inaugurated the Centre of Excellence, urged Uber to launch mass transit and encouraged faster expansion in more governorates.
The minister had announced in September that Uber will be launching public bus services, but the company has not yet decided which mass service it will implement.
Uber is currently in talks with the different ministries on how to expand and which model to implement in order to tap the mass transportation market, Abdellatif Waked Uber Egypt's general manager, told the press on Tuesday.
Nasr said that the government is working with Uber to create a “supportive legislative framework” to foster a competitive atmosphere that aims at offering the best service at the best price.
“Our first priority is essentially to make sure that we can get to a regulatory framework that makes all of those innovations possible, such as [this] mass transit product,” Gore-Coty told Ahram Online, speaking of the public bus service, and saying Uber is very much interested in it.
Gore-Coty mentioned UberPOOL as a successful product in other cities, adding that it is too early to specify which service will be implemented in Egypt.
“The conversation with the ministries in the context of this law is going very well, and we are extremely humbled and happy to have the opportunity to participate in this very important step for the regulation that governs mobility in Egypt,” Gore-Coty told Ahram Online.
Data privacy
Uber wants to make sure no legislation will force it to compromise on data privacy of users, Gore-Coty told Ahram Online, adding that this is one of two areas the company is “actively discussing” with the government.
Another main focus is to make sure to remove barriers to entry, including financial and administrative constraints, in order to make it easier for people to become drivers.
For instance, Uber believes drivers should be able to rent a car for a number of hours and share it with other drivers, while making sure there is an appropriate level of safety for riders and drivers, according to Gore-Coty.
Uber is also working on launching soon a chat feature between drivers and customers so they do not have to give their phone numbers to increase the safety level, Gore-Coty announced.
Separately, food-ordering feature UberEATS could also launch in Egypt.
Gore-Coty said the service is very popular and growing fast in cities where it exists.
“I think the natural, next step for us would probably be to bring the service to more cities in Africa, and I'm sure that Egypt will be considered as we get into this launch roadmap,” Gore-Coty told Ahram Online.


Clic here to read the story from its source.