Green Friday Market ends first edition with more than 30,000 visitors and car finance offers
In short
The first Green Friday Market ended on 8 and 9 October in Nasr City, with more than 30,000 visitors and 37 exhibiting brands. Offers included cashback of up to 5% on car finance and fixed annual interest of 10.5%.
The first edition of Green Friday Market has ended. BrandIt Cairo organised it on 8 and 9 October at the Almasa Hotel in Nasr City.
More than 30,000 visitors came, and 37 exhibiting brands took part. They were official companies, dealers and authorised distributors, alongside banks, finance companies and EV charging firms. Entry was free for the public.
Finance offers
- ADIB Egypt: Haitham Abdel Moneim, head of assets at the bank, announced an exclusive offer for visitors with cashback of up to 5% of the car finance value. He pointed to the bank's more than 15 years in car finance.
- Valu: its Valu Shift system offered car finance at a fixed annual interest of 10.5%, with no down payment and no mandatory insurance. Plans with no sale ban were also available, subject to the offer's terms.
- EG Bank: Ahmed Mourad, head of direct car finance sales, said the bank offers several instalment options for electric cars, a special finance rate and approval within 30 minutes.
- Quikr EV with Valu: an offer to pay for chargers in instalments over six months with no interest.
On site
A mobile notarisation car from the Ministry of Justice was there to certify car purchase contracts.
Mohamed El-Saidi, CEO of BrandIt Cairo, said most of the participating companies sold all the used cars they displayed during the event.
Mahmoud Sultan of Quikr EV said about 80% of electric car charging happens at home.
Charging deal
BrandIt Cairo signed a memorandum of understanding with ELECTRA, part of Raya Smart Buildings, to support the spread of EV charging stations in Egypt. ELECTRA invests in the stations and runs them.
Next editions
El-Saidi said requests came in to hold Green Friday Market in Jordan, Saudi Arabia, the UAE and Morocco. He said expansion plans are still under study.
