Ukrainian Ride-Hailing Service Uklon Eyes Expansion into Kazakhstan
Photo: Elements.envato.com, ill. purposes
A new competitor may soon enter Kazakhstan’s ride-hailing market as Ukrainian company Uklon considers expansion, Orda.kz reports, citing Bloomberg.
Kyivstar, a telecom provider under the international Veon group, announced plans to acquire 97% of Uklon’s shares for $155.2 million. The new ownership aims to introduce the service to additional markets, including Kazakhstan.
Veon will explore opportunities for Uklon to enter Kazakhstan, Pakistan, and Bangladesh, said Kaan Terzioğlu, CEO of Veon.
If launched, Kazakhstan would be the second Central Asian country where Uklon operates. The company entered Uzbekistan in 2023 and now holds a leading position in Ukraine’s taxi and delivery sector, covering 27 cities.
Kazakhstan’s taxi market is currently dominated by Yandex GO, which controls around 90% of ride-hailing services. The Agency for Protection and Development of Competition (AZRK) is now reviewing ways to boost competition in the sector.
Original Author: Nikita Drobny
Latest news
- Astana LRT Operator Looks For Funding In China
- Smoke From Russian Wildfires Reaches Eastern Kazakhstan
- Kazakhstan Offers EU A Broader Partnership In Eurasia
- Oil Leak Reported In Caspian Sea Near Azerbaijan Coast
- Kazakhstan To Build 250 Roadside Service Stations For 180 Billion Tenge
- Police Chase With Kazakh Driver In Phuket Ends In Crash And Injuries
- Foreigners Moving To Kazakhstan Are Choosing Big Cities Over Most Regions
- Turkestan Region Leads Kazakhstan In Twin Births
- From Grain To AI: What Kazakhstan Brought To Afghanistan
- Helicopters Drop 39 Tons Of Water On Forest Fire In East Kazakhstan
- Kazakhstan Tightens Border Checks Despite Saying There Is No Fuel Shortage
- Kazakhstan Seeks Greek Investment In Energy And Transport
- Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
- Kazakh Company Sent $16 Million To China, Got No Goods And A Huge Fine
- Kazakh Parties Are Losing Focus With Overly Broad Programs, Expert Says
- Almaty Man Registered 990 People In One-Room Apartment And Received Sentence
- Montenegro President Makes First Official Visit To Kazakhstan
- Gas Prices In Kazakhstan To Rise From July 1
- Kazakhstan’s Oldest Gold Mining Company Resold For 8.7 Billion Tenge
- Kazakhstanis With Disabilities Can Check Building Accessibility Online
