Uber’s Chief Executive Officer Dara Khosrowshahi has called Pakistan as one of the ride-hailing apps best growing markets.
“Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year,” Khosrowshahi stated in an email to staff following the acquisition of Careem.
Uber is going to pay $1.4 billion in cash and the remaining $1.7 billion in convertible notes, the statement mentioned.
"This is an important moment for Uber as we continue to expand the strength of our platform around the world,” Uber chief executive Dara Khosrowshahi said.
Careem chief executive and co-founder Mudassir Sheikha greeted warmly the acquisition, stating it will be great for customers.
"Joining forces with Uber will help us accelerate Careem´s purpose of simplifying and improving the lives of people, and building an awesome organisation that inspires,” Sheikha said.