Saudi Arabia invests $3.5bn in Uber

Saudi Arabia invests $3.5bn in Uber

Uber has received a $3.5bn investment from Saudi Arabia’s Public Investment Fund. The funding will reportedly lift the company’s market value to $62.5bn. As part of the investment, a managing director at the Saudi fund, Yasir Al Rumayyan, will take a seat on Uber’s board.

Uber has been operating in Saudi Arabia since early 2014 and is planning to use part of the new funding to ramp up its Middle East presence.



Relevant Directory Listings

Listing image


Around the globe, the rise of digital and mobile is disrupting the very nature of the postal industry. Today’s postal challenges – dramatic decline of letter mail, remarkable growth in parcel volume and competition, skyrocketing expectations around speed and customer experience – are intensified by […]

Find out more

Other Directory Listings

News Archive



MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.


P&P Poll


Which PUDO technology supplier is most familiar to you?

Thank you for voting
You have already voted on this poll!
Please select an option!

Pin It on Pinterest

Share This