The Middle East has already been the birthplace of a number of tech-led transport unicorns. Waze, a traffic and navigation app co-created in Israel, was acquired by Google in 2013 for over $1.1 billion. More recently, Uber purchased Careem, a regional ride-hailing app, for $3.1 billion.
But alongside these high-profile efforts, a quieter transport revolution is taking shape.
Analysis from MAGNiTT found that $121m was invested across 45 investment deals in the Middle East and North Africa (MENA) delivery and transport sector in 2019. Startups can be seen across a spectrum of activities, including rideshare services using scooters and buses, car purchasing and parking apps, freight and trucking services, and last-mile delivery logistics.
+INFO: ZDNet
