«MR 5» License Plate Nears Price of a Brand-New Car at Traffic Auction

One license plate with two letters and a single digit — that's all it takes to approach the price of a brand-new car. Bidding on the «MR 5» plate at the traffic auction has reached EGP 600,000, a figure that's closing in fast on the cost of a zero-kilometer vehicle in the Egyptian market. The auction isn't over yet.

Auction Details and Fierce Competition

The letters «MR» and the number «5». Those are the specs of the plate that ignited a bidding war. Increments pushed the price to EGP 600,000, with anticipation building over what heights it might reach before the auction closes tomorrow. The competition is intense.

Funds raised from «distinctive numbers» go entirely to the Tahya Misr Fund, a supporter of the Egyptian economy and social justice. The fund works to drive a leap in the lives of large segments of Egyptians through social, health, urban development, and economic empowerment projects.

Where Does the Auction Money Go?

The Tahya Misr Fund partners with state institutions — government bodies, civil society. The private sector — as a supporter and financier of projects aimed at easing the burden on the most needy. Key social protection areas include: caring for homeless children and providing accommodation and rehabilitation services, settling the debts of insolvent individuals to stabilize families. Supplying food to those most in need. This money translates into real support.

Those interested in bidding on «distinctive traffic plates» can follow the current auction before it closes tomorrow. The plate's price could reach that of a full car — but the social return is exceptional.