Careem, one of Uber’s rivals in the Middle East, has taken in $350 million in investment led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC).
A recently released video by the leading construction partners on Riyadh’s metro project highlighted the progress made on the mega-project that will change the way the city’s residents get around.
Uber Technologies Inc. is investing $250 million to expand in the Middle East and North Africa, which have some of the ride-sharing service’s fastest-growing markets, Bloomberg reports.
Mecca will sign a $16.5 billion contract with the winning bidder for a new metro project for the holy city, ArabianSupplyChain.com via the Arabic newspaper Al Youm said.
In all countries there will always be drivers willing to violate the traffic laws, but the only way to control them is achieved through the reinforcement of the traffic patrols and raising fines for offenses and penalties that cannot be solved with money.
It’s the biggest tech deal the Middle East region has ever seen.
Uber Technologies, Inc. is buying regional ride-sharing rival Careem for $3.1 billion, $1.7 billion in convertible notes and $1.4 billion in cash.
Saudi Arabia's long-awaited Riyadh metro project has hit a major milestone as a consortium led by Spanish construction giant FCC said it has completed the drilling work related to the first tunnel section of Line Five (Green line).
A new terminal at an airport in Medina, Saudi Arabia is a public-private partnership between the General Authority of Civil Aviation (GACA) and Tibah Airports Development Company.
Saudi Arabia's coastal cities Jeddah and Jazan may soon be connected by rail as the Saudi Railways Organization completed the first phase of a feasibility study, but a local commentator lamented the SRO's failure to deliver on promises.
The announcement was advertised to attendees of the U.S.-Saudi Business Opportunities Forum in Los Angeles, where Saudia had a physical presence to make the attendees aware of the new service.
