SIAK Announces Public Auction of Nissan Double Cab and Daewoo Lanos on November 11

The Engineering Industries and Construction Company (SIAK) has announced a public auction of used cars and vehicles in Egypt, scheduled for Wednesday, November 11, 2026, at the Dar Al-Hilal Foundation headquarters in El-Sayeda Zeinab. The auction features Nissan double cab pickups and Daewoo Lanos cars, alongside an Iveco truck, a bus, cranes, compressors, scrap, and various other items.

Auction Details and Vehicle Lineup

The entrance deposit stands at EGP 50,000. Bidding kicks off at 12 PM on November 11, 2026, while inspection will take place at the company's warehouses in Suez. The lineup also includes an Iveco truck, cranes. Compressors—heavy equipment that appeals more to contracting firms than individual buyers.

The conditions booklet costs EGP 1,000. It's available from appraiser Mostafa Mokhtar Hanafy at 9 Sherif Street in Abdeen, Cairo—a necessary step for any serious bidder. The Nissan double cab pickups are drawing the most attention from traders and private buyers alike.

Daewoo Lanos and Nissan Lead the Pack

The Daewoo Lanos models on offer carry solid market value, enjoying wide popularity in Egypt's used-car market thanks to easy maintenance and readily available spare parts. These models sit within a diverse list that includes commercial vehicles and equipment, making the auction a chance for competitive pricing away from traditional dealerships.

The Nissan double cab remains a practical choice for business fleets, while the Lanos stays closer to individual buyers seeking an economical car. Cranes, compressors, and scrap round out the offering—categories that make participation more suitable for companies than private individuals.

Participation Terms and Entry Steps

Bidders must pay the EGP 50,000 entrance deposit and purchase the conditions booklet for EGP 1,000. These terms are clear and announced in advance, allowing buyers to study the list before auction day. Inspection takes place at the company's Suez warehouses, where buyers can physically examine vehicles before making a decision.

The auction presents an opportunity for contracting and transport companies to secure vehicles and equipment at prices that may undercut the open market. The decisive date remains November 11, 2026, at 12 PM, at Dar Al-Hilal in El-Sayeda Zeinab. Those planning to bid should move early to complete the booklet procedures before time runs out.