BIDDEX Platform Plans to Capture 10% of the Egyptian Car Market
During Its Participation in Step Dubai Events
- BIDDEX Platform Showcases App Updates at Step Dubai Conference & Exhibition
- The Platform Aims to Capture 10% of Car Sales in Egypt
BIDDEX, a leading e-commerce platform specializing in online car trading, participated in the Step Dubai Conference and Exhibition on February 19–20 to present the latest updates to its AI-powered application.
The BIDDEX app enables users to buy and sell cars seamlessly, providing detailed information, including prices and specifications.
The platform also offers transparent auctions for new and used vehicles, ensuring secure transactions through rigorous customer verification processes.
During the event, BIDDEX showcased its advanced technological solutions, including data security measures, secure buying and selling procedures, thorough seller document verification, and vehicle delivery services.
Amr Allam, CEO and Founder of BIDDEX, stated that the company’s participation in the exhibition aimed to enhance collaboration with startups, drive innovation in the automotive sector across Egypt and the region, and introduce AI-powered e-commerce solutions.
He revealed that since launching the app last year, BIDDEX has facilitated transactions worth EGP 100 million, in addition to providing car loans and financing options totaling EGP 60 million.
The company is targeting a 10% market share in Egypt’s car sales industry in the coming years.
The app offers flexible car financing plans of up to 18 months, in collaboration with financial institutions, with instant approval for 80% of financing applications within 24 hours.
Additionally, BIDDEX provides a car exchange service, allowing users to receive an offer within 48 hours.
BIDDEX continues to expand its services across the region, aiming to create a fully integrated digital car trading experience while leveraging AI-driven innovations in e-commerce.
