Sheikh Mohammed hails 28-year-old who built $1.5-billion company in Dubai

Dubai - Dubai will remain a platform for all ambitious Arab youth, the UAE Vice-President said.

The UAE Vice-President has hailed a 28-year-old Arab, who set up a $1.5-billion (Dh5.5 billion) business in Dubai.

Taking to Twitter on Wednesday, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said: "Dubai-headquartered Swvl is the first Middle East $1.5 billion Unicorn to list on Nasdaq US, founded by Mostafa Kandil.

Also read: Swvl first $1.5b unicorn from ME to list on Nasdaq