Uber is putting a lot of money into Turkey. They're opening a new tech center in Istanbul. This is a big deal because it's their fourth center outside the U. S. The other ones are in Brazil, India, and the Netherlands. The company plans to spend $200 million over the next five years.

This news came out at an event in Turkey. Uber's CEO and a Turkish minister were there. The new center will help Uber improve its ride-hailing and delivery services in Turkey. But Uber hasn't said when it will be finished.

After the announcement, Uber's stock went up a bit. This is interesting because Uber has been under pressure to grow beyond the U. S. market. The U. S. market is big, but it's also very competitive. Lyft, another ride-hailing app, is gaining market share. So, Uber needs to find new ways to grow.

Turkey is a good choice for Uber. It has a lot of skilled engineers and a growing tech scene. The number of people working in research and development has gone up a lot in recent years. Turkey is also spending more on tech research.

Uber has been expanding in Turkey for a while. Last year, they bought a big part of a Turkish company called Trendyol Go. This company delivers food and groceries. The deal brought Uber 180 new engineers. This shows that Uber sees Turkey as an important market.

TURKEY EXPANSION

Uber's Big Bet on Turkey: A New Tech Hub in Istanbul

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