Uber Expands Its Tech Frontier: A $200 Million Investment in Istanbul

Uber is set to invest $200 million over five years in a new software and technology development center in Istanbul. This will be Uber’s fourth global center outside the U.S., joining facilities in Brazil, India, and the Netherlands, as announced by Turkey's Industry and Technology Ministry.

Uber plans to inject $200 million over the next five years into establishing a software and technology development center in Istanbul, Turkey, marking a significant expansion of its global tech infrastructure.

The Turkish Industry and Technology Ministry announced this new initiative on Friday, highlighting the strategic importance of the center, which will become Uber's fourth facility outside of the United States.

This development center joins Uber's existing global network, with similar facilities located in Brazil, India, and the Netherlands, further cementing Istanbul's role in the company's growing technological landscape.

(With inputs from agencies.)