Uber to launch public bus service in Egypt

Egypt's Minister of Investment and International Cooperation Sahar Nasr revealed on Wednesday that Uber International is set to introduce public bus services in the country pending the issuance of a law regulating its activities in Egypt. Nasr said in an interview on ONTV channel that the new service will include all Egyptian governorates, and will not be limited to Cairo and Giza. The minister added that the company will announce within three month that it is injecting large investments in the country. Uber has not announced the price of its awaited service, which Nasr said is set to be introduced in the upcoming three months. A ticket for high quality buses currently operating in Egypt costs EGP 6, while tickets for regular buses range between EGP 1.5 and EGP 2.5. Tickets for air conditioned buses cost EGP 3.