Middle East and Africa Bike Sharing Market Trends, Industry Analysis, Growth Factors and Forecast 2027
The success attracted Careem's attention. The VTC provider based in the United Arab Emirates announced the acquisition of Cyacle but did not disclose the purchase price. Careem is making its first push into the micromobility sector, having already established itself in the food delivery market with Careem NOW in the United Arab Emirates and Saudi Arabia. The Emirati VTC Company has continued to extend its variety of services since being acquired by its American counterpart Uber.