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Egypt may see smaller ridesharing profit margins

Friday, February 15, 2019

Significance

The inefficiency and poor quality of the public transit network has allowed start-ups in this area to grow. Millions of dollars’ worth of investments have recently been secured by companies operating in the rapidly expanding sector, which target middle-income segments of society looking for better quality affordable transportation.

Impacts

  • Less traffic congestion will increase productivity and reduce pollution.
  • Ride-sharing will reduce government spending on energy subsidies.
  • Convenient ride options will increase the demand for real estate in satellite cities currently underserved by the public transit system.
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