Careem Oman. As a company that was born and grew up in this region, we are delighted to have signed a memorandum of understanding with the Oman Technology Fund, following the relaunch of our services in Muscat with Marhaba.
And as the leading internet platform in the region we are excited to be able to support a likeminded partner in OTF and the Government of Oman to share in a vision together and help enable Oman to utilise our technology and platform to work across several sectors in the country.
This partnership will give us opportunity to demonstrate how the Careem platform can support governments in their forward-thinking ambitions and help enable Oman to become one of the leading smart cities in the region.
Be it through the introduction of drone technology or cost-effective and environmentally-friendly autonomous vehicles, this represents a significant step into the future and sets an exciting forward-thinking precedent for a new form of public-private-partnership for the region.
The MOU also includes the possibility of the OTF entering joint ventures or other strategic partnerships with us, including making an investment in Careem on behalf of Oman’s sovereign wealth funds. We are excited to be able to support a like-minded partner such as the OTF to share our vision together and help enable Oman utilise our technology and platform to work across several sectors in the country.