Published On: Mon, May 15th, 2017

Uber investment in Pakistan of $500 million


Uber investment in PakistanA week after Pierre-Dimitri Gore-Coty took charge of the Uber’s Europe, Middle East and Africa division, he has announced the expansion of operations in Pakistan and Uber investment in Pakistan for the net 3 years is going to be $500 million.

The Uber team and Gore-Coty met with the Chairman Federal Board of Investment Dr Miftah Ismail in Islamabad to discuss the expansion of Uber in Pakistan by investing $500m by the year 2020.

He informed that Uber is committed to creating thousands of work opportunities and overall economic empowerment for Pakistanis.

He also said that Pakistan is a key market for Uber and that is the reason behind the significant investment to the country.

Right now Uber is operational in Karachi, Lahore, Islamabad, Rawalpindi and Hyderabad, the ride-sharing app’s additional investment will aim to expand its network by reaching untapped cities and enhance Uber’s customer services programme.

Dr. Ismail, Chairman Federal Board of Investment said: “Pakistan has a strong economy and a rising middle class that can benefit tremendously from Uber’s innovative technology. Since March 2016, Uber has been operating in Pakistan, providing affordable and reliable transportation while creating tens of thousands of economic opportunities for Pakistanis,” he added.

“Uber has been committed to growing its footprint in Pakistan since its launch last year, creating thousands of economic opportunities in the process,” Gore-Coty said about Uber’s presence.

About the Author

- An enthusiast working in Dubai as an Assistant Operations Manager. Writing about Pakistan and the latest happenings, trends around the globe is my passion. A dreamer, learner and a major foodie.