
INTERVIEW: 'Uber sees great potential in Egypt's tech sector': GM - Economy
Ahram Online discussed significant advancements in Egypt's digital infrastructure and how they enhance the operations of ride-hailing apps with Youssef Abouseif, the General Manager (GM) for Egypt, Saudi Arabia, and Bahrain at Uber.
Abouseif also delves into the potential and challenges facing the Egyptian tech landscape, the current business atmosphere, and Uber's contributions to the local economy. He highlights the company's commitment to creating a safer, more efficient mobility ecosystem, reflecting a bright future for this burgeoning sector in Egypt.
Ahram Online: How do you see the digital infrastructure in Egypt enhancing the operation of ride-hailing apps in the local market?
Youssef Abouseif: Egypt has made significant strides in strengthening its digital infrastructure, which is crucial for the growth of ride-hailing services. Improvements in mobile connectivity and digital payment solutions have contributed to a more seamless experience for riders and drivers. Egypt will continue to invest in technology and infrastructure as part of its Vision 2030, which will further enable efficient mobility solutions and drive the industry forward.
AO: What is the Egyptian economy's potential regarding the tech industry landscape? Are there any challenges?
YA: Egypt has a strong foundation for tech growth with a rapidly expanding digital economy and a young and tech-savvy population. Uber sees excellent potential in Egypt's tech sector and continues to invest in innovative mobility solutions to support its growth.
AO: How do you perceive the current doing business atmosphere in Egypt?
YA: Egypt remains a key market for Uber, and we are motivated by the government's ongoing efforts to enhance the business environment. Egypt has taken steps to support digital businesses and encourage investment in the technology sector. We remain optimistic about the market's long-term potential and are committed to contributing to its growth.
AO: The latest Uber Economic Impact Report includes key figures that show how the ride-hailing industry could benefit local economies. Please expand on these results and their reflection on the Egyptian economy.
YA: As a leader in the ride-hailing industry in Egypt, Uber has been a catalyst for economic growth since its launch in 2014 by creating flexible earning opportunities for partner drivers and improving mobility for riders. Uber's EGP 7.4 billion to the economy helped individuals achieve financial security. In addition, we've contributed EGP 3.1 billion in additional value to the tourism sector by providing safe, reliable, and convenient products and features for tourists and locals alike.
In 2017, we launched the Cairo Center of Excellence, the largest Uber support hub in EMEA, serving 15 countries across the Middle East, Africa, Europe, and the US in four languages. In 2018, we launched Uber Bus for the first time globally in Egypt, providing affordable and seamless mobility solutions for Egyptians.
Safety remains a top priority. We continue to build on top of our existing safety features to introduce new safety features for riders and driver partners, including in-app emergency features and trip audio recording. In addition, we have laid down industry-leading onboarding guidelines for all partner drivers who sign up for Uber, including criminal record certificates, negative drug tests, vehicle worthiness reports, mandatory safety education, and enhanced screenings that include random monthly randomized drug tests.
AO: Could you update us on Uber's expansion plan in Egypt in 2025?
YA: We are exploring ways to grow our presence in Egypt. We believe Uber is part of a diverse mobility ecosystem, with public transport being the backbone. We want Uber to be a gateway to multimodal transport, with shared mobility extending the reach of transit and making it a more accessible option. Therefore, we're exploring potential integrations with the monorail lines and other mobility solutions in new urban communities. We are committed to continuing to innovate our mobility, offering and helping people access modes of transport that meet their daily needs. Our focus remains on increasing accessibility to Uber, optimizing earning opportunities, and ensuring a safe and reliable ride-hailing experience for all users.
AO: Are there new collaborations in the pipeline with Egypt's government?
YA: We continue to engage in ongoing discussions with government stakeholders to explore ways to enhance the sector, including improving transport infrastructure, increasing safety standards, and supporting digital transformation initiatives.
Improving safety in the ride-hailing industry is a continuous process that requires active collaboration between policymakers, industry players, and subject matter experts to set legislative frameworks and industry-wide standards.
Follow us on:
Facebook
Instagram
Whatsapp
Short link:
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Egypt Independent
an hour ago
- Egypt Independent
Egypt, Nigeria FMs discuss economic ties and African security
CAIRO, June 7 (MENA) – Foreign Affairs, Emigration and Expatriates Minister Badr Abdelatty praised the strong ties and historical relationship between Egypt and Nigeria, highlighting a shared commitment to building on existing opportunities to advance cooperation—particularly in economic, trade, and investment sectors, with a focus on agriculture. During a phone call on Saturday with Nigerian Foreign Minister Yusuf Tuggar, Abdelatty pointed to the significant presence of Egyptian companies across Africa and voiced interest in exploring new joint investment opportunities that offer mutual benefit. The two ministers exchanged views on developments across the African continent and discussed ways to deepen cooperation and coordinate positions within the African Union to strengthen peace and security—especially in the Sahel region. Abdelatty reaffirmed Egypt's readiness to support efforts to counter terrorism and extremism in light of security threats in the Sahel. He also emphasized Egypt's commitment to supporting Nigeria through capacity-building programs, including cooperation with Al-Azhar in combating extremist ideologies. The conversation also included an exchange of perspectives on Middle East developments, particularly the situation in Gaza. Abdelatty briefed his Nigerian counterpart on Egypt's ongoing efforts to broker a ceasefire and ensure the delivery of humanitarian aid, while condemning Israel's continued violations of international law and international humanitarian law and its actions against Palestinian civilians, which he said run counter to global calls for an immediate end to the war and unimpeded humanitarian access.


CairoScene
2 hours ago
- CairoScene
Private Sector Bank Claims in Saudi Arabia Reach SAR 3 Trillion
Credit to private businesses and individuals rose 15.2% in April 2025, totalling SAR 3.012 trillion. Private sector banking claims in Saudi Arabia have reached SAR 3.012 trillion as of April 2025, marking a 15.2% year-on-year increase, according to new data from the Saudi Central Bank. The figure reflects total credit issued to non-government entities, including businesses and households, and highlights continued expansion in the Kingdom's financial sector. The rise in private sector lending is supported by strong domestic demand and aligns with ongoing efforts to diversify the economy under Vision 2030. The latest increase also follows a 10% year-on-year growth in time and savings deposits, which reached SAR 949.7 billion by the end of 2024. Credit to the private sector now accounts for the bulk of bank lending activity in Saudi Arabia. The trend has drawn attention from ratings agencies such as Fitch, which forecast that Saudi banks would maintain one of the highest credit growth rates in the region throughout 2025.


Egypt Today
2 hours ago
- Egypt Today
Egypt localizes Metro manufacturing, contracts for 189 cars for Alexandria Metro
CAIRO – 9 June 2025: An agreement was signed in Alexandria Governorate to localize and supply 21 metro train units, comprising 189 cars, for the Alexandria Metro project. The project which is currently in its first phase is expected to be extending 21.7 km from Abu Qir Railway Station to Misr Station in Alexandria. The project comes as part of the Ministry of Transport's comprehensive plan to establish a sustainable, green, and environmentally friendly mass transit network in Alexandria, along with plans to localize several industries, rely on local manufacturing, and reduce the import bill. The Metro project units are scheduled to be manufactured at the National Egyptian Railway Industries Company (NERIC). The metro and all types of trains are among the industries the Egyptian government is working to localize. The Ministry of Transport is cooperating with South Korea's Hyundai Rotem, through a partnership with (NERC), to establish a factory for the production of metro trains. The Ministry has contracted with the National Authority for Tunnels to manufacture and localize the production of 40 metro trains, totaling 320 cars, for the second and third lines of the Greater Cairo Metro. The factory is currently being constructed in East Port Said.