• Friday, April 19, 2019

Careem to invest $150 million in Pakistan

Discussion in 'Pakistan Economy' started by Iron Stars, Feb 7, 2017.

  1. Iron Stars

    Iron Stars FULL MEMBER

    Messages:
    1,336
    Joined:
    Jul 7, 2014
    Ratings:
    +0 / 1,507 / -0
    Country:
    Pakistan
    Location:
    Pakistan
    KARACHI: Online transportation company Careem on Monday revealed its plans to invest $150 million in Pakistan.

    In a statement, the company said that the funding would spread across a course of five years with a set of measurable goals.

    “As we look forward, we must zero in on what Careem can uniquely contribute to Pakistan. First and foremost, we aim to invest $150 million in Pakistan. The funding will spread across a course of five years with a set of measurable goals.”

    In addition, the ride-sharing company said that it would build state of the art Research and Development Centre with top class engineers, Global Contact Centre and Finance Support Centre.

    The company intends to expand Careem service in additional 30 cities, creating one million job opportunities within its network.


    – SAMAA
     
    • Thanks Thanks x 2
  2. WebMaster

    WebMaster ADMINISTRATOR

    Messages:
    22,271
    Joined:
    Jun 25, 2016
    Ratings:
    +0 / 2,032 / -0
    Country:
    Pakistan
    Location:
    Pakistan
    I though Careem was a local company, is it not?
     
  3. Max Pain

    Max Pain FULL MEMBER

    Messages:
    1,289
    Joined:
    Aug 14, 2014
    Ratings:
    +0 / 897 / -0
    Country:
    Pakistan
    Location:
    Pakistan
    Its from UAE I believe,
    neverthless they've done good here, this should continue
     
    • Thanks Thanks x 1
  4. Salza

    Salza SENIOR MEMBER

    Messages:
    4,534
    Joined:
    Dec 20, 2014
    Ratings:
    +0 / 5,785 / -1
    Country:
    Pakistan
    Location:
    Pakistan
  5. My-Analogous

    My-Analogous SENIOR MEMBER

    Messages:
    6,275
    Joined:
    Feb 9, 2009
    Ratings:
    +2 / 4,649 / -0
    Country:
    Pakistan
    Location:
    Saudi Arabia
    No its is not. But one of three owner of this company is Pakistani. Mr. Mudassir Sheikha