CAIRO: Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.
Egypt is among Uber's top 10 markets globally, and is seen as a regional tech hub - start-ups such as digital payments firm Fawry have set up shop in a tech park outside Cairo. Glovo plans to invest 5 million euros in the country, where it says smartphone use is growing rapidly but just one quarter of deliveries are ordered online.
Despite the optimism around the sector, there are uncertainties. In September, Egypt's parliament passed a law governing ride-hailing apps that will require them to keep data for six months and share it with the government when asked.
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