UAE ride-hailing services company Careem has invested $500,000 in a start-up entity which focuses on connecting commuters with private buses in the Egyptian capital city of Cairo. Careem, which is seen as Middle East rival to global ride-hailing colossus Uber, acquired the minority stake in SWVL after weeks of negotiations. It has also been disclosed that in addition to the investment, CEO and co-founder of Careem, Magnus Olsson will also join the board of SWVL.
Smart Mobility Deployments ME
Dubai has established itself as one of the most modern cities in the entire world. Twenty years ago, it was a very different place, but the government decided to embrace technology and innovation to completely transform the city. However, it doesn't intend to rest on its laurels, and the Government of Dubai has expressed its desire to make Dubai the 'smartest city' in the world.
Swedish telecommunications colossus Ericsson delivered a fascinating and thought-provoking presentation on the role it intends to play in relation to providing mobility solutions via connected transportation for Smart Cities. Ericsson hosted the event which was entitled Ericsson Mobility Day: Connected Transportation for Smart Cities at Sofitel the Palm, Dubai. The presentation featured a host of high-profile speakers and experts within the field of mobility and examined the changes that may result from the large-scale uptake of a shared and self-driving fleet of vehicles into urban areas.
The UAE Ministry of Energy has launched an incentive program designed to encourage motorists to buy electric vehicles - as part of the nation's long-term plan for electrification. The incentive program aims to tempt motorists to go electric by introducing zero-carbon emissions electric vehicles through green bank loans, green insurance plans and attractive and affordable prices for electric vehicles.
H.E. Mattar Al Tayer, Director General and Chairman of the Roads and Transport Authority (RTA) has outlined a 'Smart Future' for Dubai's public transportation system - and declared that the government is 'shaping the future' of transportation in order to 'transform' the urban environment in Dubai. His Excellency delivered a wide-ranging speech to attendees at the Global Manufacturing and Industrialization Summit (GMIS) in Abu Dhabi, and claimed that attitudes of both car manufacturers and drivers will need to change as shared mobility becomes the norm.
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