In an exclusive interview with Al-Arabiya, Uber CEO Dara Khasroshahi revealed that Uber's acquisition of Karim depended on the great opportunities inherent in the participatory transport sector in the Middle East. In addition to believing in Karim's ability to build technology that reflects the region's need.

Khasrouchai stressed that the company is not in the stage of reducing costs but rather, on the contrary, it is in the stage of investment and growth, pointing out that the acquisition of Karim represents a major leap in the volume of investment. .

He pointed out that the structuring of the deal will allow Karim to work in complete separation from Uber, stressing that Uber is on Karim’s board of directors, which will help the latter to remain a successful brand as an entrepreneur in the region. .

In a related context, Khasrouchai stressed that Karim will remain separate from her business after Uber after completing the deal while maintaining two separate brands, pointing out that Karim’s board of directors will consist of Members of the two companies.

He said: This is not the time to merge the businesses of the two companies, it is not the right time to reduce the cost, but rather to invest and go ahead.

He continued: The reason for our investment in Karim is the belief in growth, merging business as usual is an enemy of growth, and you resort to that if the goal is to reduce costs, but the region is still promising .. We only own 2% of the entire sector, we still have 98% to focus on.

The CEO of Karim Muddathir Shaikhah Kalam Khosrahi Shahi agrees in detail, saying: Participatory transportation constitutes less than 2% of the transport sector in the Middle East as a whole, so there is Huge opportunities are still awaiting us in the market, there is 98% we will focus on at the moment to obtain them.

He explained that the process of evaluating the deal depended on the opportunities inherent in the market in the Middle East region.

Modather explained that the aim of the structure is to give Karim the ability to work separately, which will help the company understand the needs of the Arab market and give it the necessary priority.

He noted that Karim will resort to using Uber resources in the field of technology in addition to Uber's experience in the legal field, which is one of the best in the world.

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