Ride-hailing market revs up in Egypt


Cars sit in traffic on El Sayeda Aisha Bridge during a sandstorm in Cairo, Egypt. Egypt is among Uber's top 10 markets globally, and is seen as a regional tech hub – startups such as digital payments firm Fawry have set up shop in a tech park outside Cairo. — Reuters

CAIRO: Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.

Operators say there is a lot more room for growth. Egypt's population will soon be swelling to 100 million. Taxis, minibuses, tuk-tuks and motorbikes shuttle passengers and deliveries through crowded, chaotic streets.

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