Investment and International Cooperation Minister had talks with Uber General Manager in Egypt Abdul Latif Waked on expanding the company's activities in governorates.

This came on the sidelines of the World Youth Forum (WYF) that kicked off in the Red Sea resort of Sharm el Sheikh on Sunday.

Nasr, in a statement issued by the Investment Ministry Monday, said a bill regulating the transport of passengers via private cars through the use of information technology, namely cellphone applications, will provide a legislative framework for Uber and other companies working in this field.

The WYF is an opportunity to shore up youth initiatives in the various domains, Nasr said.

For his part, Waked said Uber is planning to expand its activities in Egypt after the opening of Uber Center of Excellence in Cairo, the first in the Middle East and the third after two established in Europe, in October.

The Egyptian market is one of the fastest-growing markets in which Uber works worldwide, Waked said.

He also lauded the World Youth Forum and the political leadership in Egypt for backing the Egyptian youths.

Uber has been operating in Egypt since the end of 2014 and over this short period of time, Uber Egypt has become the fastest growing market for Uber in Europe, the Middle East and Africa with Cairo specifically becoming the fastest growing city. Since its launch, Uber managed to create more than 50,000 job opportunities on a monthly basis.

Source : Mena