{"id":322,"date":"2020-06-16T05:38:33","date_gmt":"2020-06-16T05:38:33","guid":{"rendered":"http:\/\/localhost\/ido_v2\/ar\/?post_type=portfolionews&#038;p=322"},"modified":"2020-06-18T07:20:34","modified_gmt":"2020-06-18T07:20:34","slug":"start-ups-that-could-become-the-middle-easts-next-big-ventures","status":"publish","type":"portfolionews","link":"https:\/\/ido.om\/ar\/portfolionews\/start-ups-that-could-become-the-middle-easts-next-big-ventures\/","title":{"rendered":"Start-ups that could become the Middle East???s next big ventures"},"content":{"rendered":"\n<p>CAIRO: Following initial news of the $3.1 billion deal in March 2019, US ride-hailing firm Uber completed its acquisition of Dubai-based vehicle-for-hire company Careem at the beginning of January 2020.<\/p>\n\n\n\n<p>Middle East and North Africa (MENA) startups have been getting much-needed funds to scale up their businesses, and 2019 seems to have set the bar high.<\/p>\n\n\n\n<p>During the first half of last year, startups in the region received $471 million in investments, up 66 percent from the $283 million invested over the same period in 2018.<\/p>\n\n\n\n<p>Given the steadily growing number of MENA startups, it remains extremely difficult to spot the next local unicorn.<\/p>\n\n\n\n<p>Nevertheless, here is a list of new ventures with definite growth potential in 2020.<\/p>\n\n\n\n<p><strong>Carzaty<\/strong><\/p>\n\n\n\n<p>Being a small market, Oman is an unlikely place of origin for booming startups. However, certified pre-owned car e-retailer Carzaty has the potential to change that. Founded in 2017 by Hassan Jaffar and Marwan Chaar, the company offers heavily discounted vehicles by operating exclusively through a virtual showroom, selling reconditioned cars covered by a one-year warranty and delivering them to customers.<\/p>\n\n\n\n<p>After securing $4 million in funding, Carzaty launched operations in the UAE in December 2019, entering a country whose used-car market was valued at more than 11 billion Emirati dirhams ($3 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAIRO: Following initial news of the $3.1 billion deal in March 2019, US ride-hailing firm Uber completed its acquisition of Dubai-based vehicle-for-hire company Careem at the beginning of January 2020. Middle East and North Africa (MENA) startups have been getting much-needed funds to scale up their businesses, and 2019 seems to have set the bar high. During the first half of last year, startups in the region received $471 million in investments, up 66 percent from the $283 million invested over the same period in 2018. Given the steadily growing number of MENA startups, it remains extremely difficult to spot&#8230;<\/p>\n","protected":false},"author":1,"featured_media":324,"comment_status":"open","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/portfolionews\/322"}],"collection":[{"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/portfolionews"}],"about":[{"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/types\/portfolionews"}],"author":[{"embeddable":true,"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/comments?post=322"}],"version-history":[{"count":2,"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/portfolionews\/322\/revisions"}],"predecessor-version":[{"id":326,"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/portfolionews\/322\/revisions\/326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/media\/324"}],"wp:attachment":[{"href":"https:\/\/ido.om\/ar\/wp-json\/wp\/v2\/media?parent=322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}