Uber has confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has now become a wholly-owned subsidiary of Uber, preserving its brand.
Uber’s acquisition of the Dubai tech unicorn Careem will be completed within seven to eight months, according to the ride-hailing firms’ CEOs.
The Dubai Roads and Transport Authority, RTA, has announced the establishment of an E-Hail Taxi Joint Venture with Careem Networks …
The drivers – referred to as Captainahs – will begin working with Careem from today as part of the company’s ongoing mission to simplify and improve lies in the region.
Dubai-based ride-hailing firm Careem is creating about 80,000 jobs for men and women every month, the firm’s co-founder said.
The Middle East’s homegrown ride-hailing service is now present in 100 cities across the region, following the announcement that the company is gearing up to enter Khartoum, Sudan.
Careem co-founder Magnus Olsson has revealed that he sees the region’s homegrown ride-hailing service as playing a “crucial role in contributing to the changes in Saudi Arabia,” with particular focus on empowering female drivers – or “captinahs” – from June onwards.
Dubai-based ride-hailing firm Careem has announced the launch of its services in the cities of Gaza and Nablus in Palestine.
Didi’s investment in Careem is said to further enhance its reliable transportation offerings across the region. Together, the two parties will share knowledge in intelligent transportation technology, product development, and operations.
The service is already live in the UAE, and will be introduced in other regional markets, including Saudi Arabia and Pakistan, within the coming 30 days.