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The rise in private vehicle demand

Unknown Reply 19.24

Investasi Emas

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With lockdowns lifted, interest in private car ownership is rising throughout Mena, spurred on by the ongoing aversion to public transport, social distancing measures, and working from home. In the fourth part of our series examining the impact of COVID-19 on the region's transport and mobility startups, we take a closer look at the rise in private vehicle demand.
Saudi Arabia is fostering a sound environment conducive to stimulating entrepreneurship and creativity to enhance its impact and competitiveness in the dynamic global landscape. BIAC, a subsidiary of TAQNIA, wholly owned by the Public Investment Fund (PIF), recently announced a new operating model in its business functions and Nawaf Al-Sahhaf, CEO of BIAC, outlines these new developments.
Egypt is at a critical inflection point in its growth journey and many entrepreneurs are rising to the occasion. Dina H. Sherif, Mohamed Okasha and Malek Sultan are managing partners at Egypt-based Disruptech, and they share the VC firm's goal to be a solid contributor to the story of Egypt's future growth and its embrace of technology as a critical and essential tool within that inclusive growth journey.
In case you missed it - here's our round-up from News Watch:

Endeavor closes third fund with Careem and Property Finder founders among LPs
Wiz Holding raises seed funding
JustClean raises $8 million Series B
Kashier raises seed investment
Foodics expands to Egypt and hopes to become micro-loan lender
UAE's VentureSouq invests in UK-based Dendra systems
Arab Bank invests in US-based Veem
ISSF invests in Endeavor Catalyst's third fund
Elves raises $2 million in funding
Alsaree3, Al Zajel raise seed funding
Penny Software raises $1.35 million Seed with participation from Wamda
Berytech to invest in Lebanese green startups
AimFit raises $1 million to scale across Pakistan
Tarfin closes Series A round with participation from Wamda
UAE's Alpha Wave invests in India-based ClassPlus
Sheraa launches $250,000 Middle East and Africa startup challenge
Do you have a story you'd like to share with us? Drop us a line.
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