Careem enters micro-mobility space by buying Cyacle

Careem CXO and Co-founder Magnus Olsson with his Careem bike.
Updated 29 May 2019
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Careem enters micro-mobility space by buying Cyacle

Careem has entered the micro-mobility space with the acquisition of UAE-based company Cyacle.

Launched in December 2014, Cyacle is a fully automated docked bikeshare service currently operating in Abu Dhabi. Stations run 24-hours a day via an app, a touchscreen kiosk and docking system that releases bikes using a ride code or a member key. 

The new app will be available for iOS and Android, initially as a standalone Careem app, which can be accessed via the main Careem app. Users can access the bikes via app or physically at one of the smart docking stations with credit and debit cards, and the service will offer bikes through a range of daily to yearly memberships. 

Careem CXO and Co-founder Magnus Olsson said: “This deal means Careem will be able to improve micro-mobility in the region and simplify one of the most important mobility issues — the first and last mile problem. Many journeys are relatively short in distance, including those to and from transportation hubs such as metro and bus stations, so increasing bicycle availability and expanding routes will transform how people commute, as well as offering micro-mobility solutions for short-distance trips.”

Hani Akasha, the Emirati founder of Cyacle, added: “The startup scene in the UAE is now such a fast-moving tech environment, and this just proves what we can do in this country.”

Sami Amin, CEO of Cyacle, said: “It’s exciting to be taking micro-mobility to the next level, becoming an integral part of life in the capital, and with Careem now involved it will accelerate the service and improve the lives of so many more people in the region.”

This acquisition is part of Careem’s overall platform strategy to offer complete mobility solutions, affordable transportation and first- and last-mile mobility. Careem plans to bring micro-mobility to more cities throughout the region over the next 12 months.

Regional governments are investing heavily in cycling infrastructure and the promotion of cycling as a healthy, sustainable and affordable mode of transportation. Careem will work closely with local governments and communities across the region to invest in bikeshare service in support of their micro-mobility goals.


LuLu marks Founding Day with ‘Made in Saudi’ campaign

Updated 25 February 2026
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LuLu marks Founding Day with ‘Made in Saudi’ campaign

The Ministry of Industry and Mineral Resources honored LuLu Hypermarket in recognition of its pivotal role as the exclusive retail partner of the “Najoud Bikhairna 2026” initiative, commending its continued efforts in supporting and empowering national industries while showcasing the quality and competitiveness of locally manufactured products.

The initiative, led by the ministry in partnership with the Saudi Export Development Authority, represented by the Made in Saudi program, stands as a pioneering model of public-private sector collaboration in activating community-driven initiatives with sustainable impact. Through this program, more than 280,000 Saudi-made products were distributed to 10,000 families across various regions of the Kingdom during the holy month of Ramadan, reinforcing the presence of national products and strengthening the values of social solidarity among individuals and institutions alike.
The ministry’s recognition of LuLu Hypermarket coincided with the official launch of its Saudi Founding Day celebrations at the Dharat Laban branch in Riyadh, marked by the unveiling of a comprehensive promotional campaign dedicated to Saudi-made products. On this occasion, a wide range of special offers was introduced on local products, available across all LuLu Hypermarket branches throughout the Kingdom.
The inauguration ceremony was attended by Mohammed bin Dayel, general supervisor of the Made in Saudi program at the Saudi Export Development Authority, and Mohamed Haris, director of LuLu Saudi Arabia, alongside members of LuLu’s executive management team. The event featured a ribbon-cutting ceremony to officially open the specially designed Founding Day gateway.
Following the inauguration, guests toured several dedicated zones and exhibitions highlighting national products. The tour commenced at the grocery and “Made in Saudi” consumer goods sections, showcasing the diversity and quality of local brands. It also included the “Made in Saudi” dates pavilion, presenting a premium selection of the finest locally sourced dates in celebration of one of the Kingdom’s most iconic national symbols.
The visit continued to the fruits and vegetables section under the theme “From Our Land,” featuring an exceptional assortment of Saudi agricultural products, reflecting the richness and excellence of the local agricultural sector. Guests also explored the LuLu private label corner, which features products exclusively manufactured within the Kingdom for LuLu, reaffirming the company’s commitment to supporting local manufacturing.
The tour concluded with a presentation of “Made in Saudi” products within the chilled and frozen categories, underscoring the rapid growth and qualitative advancement of the Kingdom’s food manufacturing sector, and further reinforcing the strong market position and competitiveness of Saudi products.