On Monday, the Food delivery platform Uber Eats announced the closing down of its on-demand food offering in Egypt, in addition to the Czech Republic, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine.
"After years of partnering with local restaurants to provide a convenient and reliable food delivery service, we are making a tough decision today to end Uber Eats operations in Egypt, starting Monday, May 18th." the company said in a statement.
It also announced that it will transfer its business operations in the United Arab Emirates (UAE) to Careem, its wholly owned ride-hailing subsidiary that's mostly focused on the Middle East.
"Consumers and restaurants using the Uber Eats app in the UAE will be transitioned to the Careem platform in the coming weeks, after which the Uber Eats app will no longer be available," it writes in a regulatory filing detailing the operational shifts.
"These decisions were made as part of the Company’s ongoing strategy to be in first or second position in all Eats markets by leaning into investment in some countries while exiting others," the statement read.
An Uber spokesman said the changes are not related to the coronavirus pandemic but rather related to an ongoing "strategy of record" for the company to hold a first or second position in all Eats markets -- which means it's leaning into investment in some countries while exiting others.
Uber Eats rival, Glovo, also announced a series of exits at the start of this year -- as part of its own competitive reconfiguration in a drive to cut losses and shoot for profitability. It too says its goal is to be the first or second platform in all markets where it operates.
The statement added, "We will continue our strategy of focusing our energy and resources on our top Eats markets around the world."
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