Uber Technologies Inc. has agreed to acquire Getir's delivery operations in Turkey from its controlling shareholder Mubadala Investment Co., strengthening the US company's position in the Middle East. This strategic move will expand Uber's footprint in one of the region's fastest-growing markets for quick commerce.

The deal represents Uber's latest effort to consolidate its presence in international markets where rapid delivery services have gained significant traction. Getir, founded in Turkey in 2015, has become one of the country's leading delivery platforms, competing with both local and global players in the space.

By acquiring Getir's Turkish operations, Uber aims to leverage existing infrastructure and customer relationships to accelerate growth in the region. The transaction underscores the competitive dynamics in the Middle East's delivery sector, where companies are racing to capture market share in urban centers with high demand for convenience services.

Quick Fact: Getir was founded in Turkey in 2015.