Jeeny: "We have all the license requirements"
Jeeny, the first Middle Eastern smartphone application for ride sharing, stated that the company has been facing problems with getting their licensing requirements approved.
"We [Jeeny] completed all the requirements set by regulators and we are fully ready to proceed and obtain the license. We are now waiting for the authorities to accept our documents." said Hammad Ehtesham, Jeeny COO Middle East.
"We have received the preliminary approval to move on with the license; We have invested an additional 200,000 JODs to fulfil the license requirements but sadly we received a notice on the 19th of March to close down our application and operations in Jordan within one week." added Ehtesham.
Through Jeeny, international investors have invested more than 2 Million JODs in the Jordanian market, creating thousands of Jobs and supporting the development of transportation sector in Jordan. It is also important to note that Jeeny runs its regional operations for Middle East from its Amman office and currently employs 60 Jordanian employees.
Jeeny plans to further expand to different geographies and sectors in Jordan thus attracting new foreign investments to the country. Not obtaining the license will create a huge barrier for Jeeny and its investors to continue operating in Jordan as barring the third biggest market player will create a monopoly since Uber & Careem are in talks to merge