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Uber gets $3.5 billion USD backing from Saudi Arabia

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Josée Paquet

Uber will soon receive a $3.5 billion investment from Saudi Arabia after increasing its number of drivers in the Middle East fivefold during the past year, Le Monde reports.

Offering its controversial ride-sharing service in five cities across the country, Uber says 80% of Saudi customers are women, which makes sense since they aren’t allowed to drive. It’s the only nation in the world to impose such a law.

Expanding the Uber service is part of the Saudi Arabia Vision 2030 plan unveiled in April. The goal is to improve access to education and jobs for women. 

 

Josée Paquet
Josée Paquet
Automotive expert