China's Didi Chuxing, one of the world's largest mobile transportation platforms, recently announced a strategic partnership with Careem, the leading ride-hailing and internet platform in the Middle East and North Africa.
DiDi has invested in Careem to strengthen its leading market position and further enhance its reliable transportation offerings across the region. Together, the two parties will share knowledge in intelligent transportation technology, product development, and operations.
"Growing urban populations and economic and social diversity in the MENA region present enormous opportunities for the ride-hailing economy," said Cheng Wei, founder and CEO of Didi Chuxing.
Founded in Dubai in July 2012, Careem provides reliable, safe and affordable transportation to its more than 12 million customers. Careem supports a wide range of languages, including English, Arabic, French, Urdu and Turkish, and offers a variety of mobility services.
There are currently over 250,000 drivers on its platform in more than 80 cities across 13 countries in the Middle East and North Africa, including Pakistan, Turkey, Egypt, Morocco, Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, Oman, Jordan, Lebanon, and Palestine.
"Didi Chuxing brings leading edge AI capabilities, insight and expertise to our organization as we enter our next phase of growth," said Mudassir Sheikha, CEO and co-founder of Careem. "This evolution in our long relationship will enable Careem to more effectively pursue growth opportunities through continued innovation and sustainability. DiDi's investment is yet another endorsement of the significant regional opportunity to leap-frog traditional infrastructure and improve the lives of people in our communities."
SOURCE Didi Chuxing
Edited by G. Davila