What does this mean for Careem?

We protect our purpose and values

Careem’s founders will continue to lead the business. Careem will retain its name, brand, and identity. In terms of the service you know and love, nothing will change. With Uber we have a partner that is well-resourced and aligned with our vision and values. Uber has been very successful in the region and shares our ambition to simplify and improve even more lives.

We accelerate our vision

We accelerate our vision and collective ability to pursue the platform opportunity and leapfrog our region into the digital future. Careem and Uber will be able to focus on increasing the size of the market where there is a surplus of opportunity, simplifying and improving even more lives, in more ways.

We boost the regional technology ecosystem

As the largest ever technology-industry transaction by valuation in our region, this is a milestone moment that will provide the stimulus to grow the regional digital ecosystem and attract more foreign investment.

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