Uber Plans $200M Turkey Tech Hub Expansion

Uber Technologies announced a $200 million investment over five years to establish a new software and technology development center in Istanbul, Turkey, marking its fourth major hub outside the U.S. The company plans to employ around 500 engineers and technology experts at this center, which will support Uber's global operations and innovation strategy, including advancements in AI, ride-matching algorithms, mapping, and logistics infrastructure. This move aligns with Uber's broader global expansion and diversification beyond ride-hailing into delivery and freight services, exemplified by its recent acquisition of an 85% stake in Turkish food and grocery delivery platform Trendyol Go. Turkish officials, including Industry and Technology Minister Mehmet Fatih Kacır, praised Uber's confidence in Turkey's growing role as a hub for digital platforms and innovation, highlighting Istanbul's strategic location and strong talent pool. Uber CEO Dara Khosrowshahi emphasized Turkey's significance in adopting digital platforms and the evolving mission of Uber in the country from ride-hailing to broader technological transformation. This strategic investment underscores Turkey's emerging role in global tech innovation and Uber's commitment to leveraging regional talent for its worldwide technological advancements.