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INSPIRING: HH Sheikh Mohammed Reacted To The Recent Uber-Careem Deal
The Uber-Careem acquisition is probably one of the most promising things for the tech industry in THIS region ever to witness.
As you might have heard, car-hailing giant Uber announced its purchase of Dubai-based Careem, for a whopping AED11 billion.
Many see this is as an incredible success story- especially seeing that it was a startup started in Dubai not too long ago- sparking inspiration to other aspiring entrepreneurs.
Image Creds: Careem UAE
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With Many Flights Cancelled Lebanese People Are Looking For Alternative Ways To Leave LebanonHH Sheikh Mohammed bin Rashid Al Maktoum is just as proud to hear about the acquisition
On Tuesday, His Highness Sheikh Mohammed reacted to the Uber-Careem deal by discussing the initiative years back to bring an Internet and e-commerce city in Dubai’s desert.
He commended the success stories of not just Careem but Souq too, which was acquired by online retailing company Amazon.
In 1999, many people questioned our idea to establish Dubai Internet City in the desert. Two years ago, Amazon acquired the multi-billion dirham Souq and today, Uber acquired Careem for Dh11 billion. These giant companies flourished from the “desert” of Dubai.
HH Sheikh Mohammed bin Rashid Al Maktoum, via Twitter
In 1999, many people questioned our idea to establish Dubai Internet City in the desert. Two years ago, Amazon acquired the multi-billion dirham https://t.co/8r1e7dmLtG and today, Uber acquired Careem for Dh11 billion. These giant companies flourished from the “desert” of Dubai. pic.twitter.com/h9gkOXK8n9
— HH Sheikh Mohammed (@HHShkMohd) March 26, 2019
HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum also congratulated Careem
“We congratulate Uber and Careem for the deal announced today, the largest in the region’s technology sector,” HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum tweeted.
We congratulate Uber and Careem for the deal announced today, the largest in the region’s technology sector. We are delighted to see a major international enterprise acquiring a Dubai-based company for $3.1 billion, and we wish them all the best. pic.twitter.com/IiSAVYrqxw
— Hamdan bin Mohammed (@HamdanMohammed) March 26, 2019
The acquisition has been the talk of the town since Sunday (when unofficial announcements were reported)
We’re proud to announce we’ve agreed to acquire @Careem, one of the Middle East’s most successful startups. We’re excited to partner with @Careem to better serve the region and maintain a tailored local experience for mobility, delivery and payments. More: https://t.co/aXWaEvN6jj
— Uber Comms (@Uber_Comms) March 26, 2019
Careem’s co-founder thanked the Captains, customers and his colleagues on the success
Mudassir Sheikha took to Twitter, first and foremost, to acknowledge the Careem Captains that made all this possible- reinstating the company’s respect and loyalty to its fleet of drivers.
Congratulations to every @Careem Captain, Customer and Colleague on this special moment. We’ve been blessed to impact the lives of millions in the region and it’s only the start as we join forces with @Uber.
— Mudassir Sheikha (@MudassirSheikha) March 26, 2019
The app and its services will continue operating independently
So there’s no need to worry about your beloved app going away, because this won’t be the case.
Today, we start Chapter 2 of our story. Careem is joining forces with Uber to better serve the region
We will operate independently, so the app, services and brand you love will continue to be available as usual.
For more details, visit https://t.co/1eGk5u6d1w pic.twitter.com/xn53Q9iyLI
— Careem (@careem) March 26, 2019
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