Financial solvency biggest challenge in Egypt’s smart transport market

Financial solvency biggest challenge in Egypt’s smart transport market

Egypt's smart transport market can absorb more investors due to its large size: OKA Truck. Comments Off on Financial solvency biggest challenge in Egypt's smart transport market. After the Egyptian Competition Authority (ECA) had approved the merger deal of ride-hailing companies Uber and Careem last month, the resulted entity became too strong to compete against in Egypt's smart transport market.. Ismail added there are other companies operating in the market , but an entity the size of Uber and Careem makes it difficult for them to compete , given the new investors' need to pump large investments in the beginning .. The market is big and has more than 100m people in 27 governorates , and m ost of them need smart transport services.. Hussein believes that any new company that offers the same services as Uber and Careem will be able to acquire an appropriate market share , provided that some incentives are offered to drivers and passengers.. Huge investments made by regional investors in SWVL company to expand its product base to include transportation by private