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
- Zhezkazgan Airport Resumes Operations After An-12 Emergency Landing
- Middle East Escalation Disrupts Kazakhstan–Dubai Flights
- Three Rare Neolithic Burials Discovered in Kostanay Region
- Minister Promises Better Internet Access for Rural Areas
- Will Trump Visit Kazakhstan?
- Six-Lane Road to Almaty’s Ring Road Planned, Around 200 Land Plots Bought Out
- Housing Sales in Kazakhstan Rise 28% in One Month
- East Kazakhstan Residents Question Gas Station Restrictions on Fuel Canisters
- New Committee to Oversee Crypto Market and Payment System
- MFA Confirms Death of Young Kazakhstani Woman in Antalya
- Source of Shymkent Air Pollution Complaints Still Unclear
- Why Cheap Kazakh Gasoline Is Becoming a Regional Issue
- Southern Kazakhstan Records Magnitude 4.5 Earthquake
- Almaty Residents Oppose Covering City’s Open Irrigation Canals
- Where Are Incomes Highest in Kazakhstan After Almaty?
- Landfill Fire Breaks Out in Astana
- Qatari-Kazakh Gas Pipeline Project Gets Another $500 Million
- Russian City May Name Square After Tokayev’s Father
- Kazakhstanis Will Not Face New Loan Restrictions
- Dead Seals Found Near Aktau May Have Come From Iran, Officials Say
