Uber international is set to introduce its public bus services in Egypt soon, the Minister of Investment and International Cooperation Sahar Nasr revealed in an interview on Wednesday.
Nasr added in the interview aired on the privately-owned ONTV that the new service will be launched in all of Egypt’s governorates and will not be limited to Cairo and Giza only.
The new service will be introduced once the law regulating its activities in Egypt is issued.
The minister added that this service will be launched within the upcoming three months. However, Uber hasn’t yet announced the prices of the service.
Uber will be injecting large investments in Egypt in the upcoming three months, according to Nasr.
On the other hand, president Abdel Fattah Al-Sisi met with officials from Uber on the sidelines of the 72nd session of the UN General Assembly. They discussed investment opportunities and expansion in Egypt.
The San Fransico-based company is now operating in Cairo, Alexandria, and Mansoura governorates. During summer, the service covers the North Coast as well.
Uber revealed that in 2016, about 30,000 drivers were using the service in Cairo as a source of income, making Cairo the fastest growing market for the application in the region.