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.
PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]
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