Careem, a ride-hailing and internet platform based in the Middle East and North Africa (MENA) has forged a collaboration with China-based DiDi Chuxing, a global mobile transportation platform.
DiDi made an investment in Careem to strengthen its leading market position and further enhance its reliable transportation offerings across the region. Together, the two parties will share knowledge in intelligent transportation technology, product development, and operations.
Mudassir Sheikha, CEO and co-founder, Careem, said: DiDi Chuxing brings leading edge AI capabilities, insight and expertise to our organization, as we enter our next phase of growth. Powered by big data-driven AI technologies, DiDi offers Taxi, Private Car, and other mobility options looking to build an open and sustainable global mobility ecosystem to advance transportation innovations.
Sheikha continued: This evolution in our long relationship will enable Careem to more effectively pursue growth opportunities through continued innovation and sustainability. DiDis investment is yet another endorsement of the significant regional opportunity to leap-frog traditional infrastructure and improve the lives of people in our communities.
DiDis partnership with Careem marks the companys first collaboration in MENA and further aids DiDis mission to transform transportation at a global scale.
Cheng Wei, founder and CEO of DiDi Chuxing, commented on the partnership: Careem is the regions technology and market leader. Through technology exchange and co-development, we look to support continued growth and transformation of the regions transportation industry, tap into the significant potential of the local internet economy and foster more innovative services for a broader network of communities around the world. Growing urban populations and economic and social diversity in the MENA region present enormous opportunities for the ride-hailing economy.