Film > Culture & Context

MADINET MASR - TOUBA - THINGS YOU DO FOR DEBT

IMPACT BBDO, Cairo / TOUBA / 2024

Awards:

Bronze Dubai Lynx
CampaignCampaign(opens in a new tab)
Film
Supporting Content

Overview

Credits

Overview

Why is this work relevant for Film?

The hero of Egyptian cinema, the Don Juan, superstar Ahmed Fahmy, is completely ridiculed in our series of comedic films for novel brand Touba. A complete and utter disgrace, Fahmy is demeaned into AN ANTI HERO that risks his pride for a silly job that will pay off his accumulating real estate debt!

Like most ANTI HERO's the audience is left loving our destroyed Fahmy, sympathizing with the problem we all face as Egyptians struggling in our macro economy. Subtle, black humor, and great acting makes this campaign relevant for Film.

Please note that the Jurors for Dubai Lynx will be coming from outside the region and may not be aware of the specific cultural nuances of your work.

If you want to get married in Egypt you need a few things; a bride, a job, and an apartment...an owned apartment...none of this silly renting. A suitor is only considered and judged based on his housing and let's just say if you intend on settling with an Egyptian man's daughter in a rented flat, you'll be flat out on the streets with a big rejection. Mortgage? Egypt doesn't offer licenses for mortgage companies, instead you end up taking a ridiculously expensive bank loan.

You want your girl, buy her a home, it's that simple and life-threatening! Because to buy a home you need a couple of million pounds, and to afford these millions you need to tie yourself down to a decade of installments; 8-10 years minimum, monthly, stable, predetermined payments. If you fail to pay one installment, straight to jail you go! (we weren't kidding about "life-threatening"). The installment plan owns you until you're relieved of the pressure 10 years down the line. The prison cell of a free man!

Recently in Egypt, the problem has escalated to be larger than Egyptian youth struggling to settle down. With a devaluating currency, real estate has become the only way to hedge losses from hyperinflation, and so every Egyptian now: man, woman, old, young is turning to these installment schemes to secure their money. Decades of installments to preserve your living standard. Egypt's population = prisoners to their installments!

Write a short summary of what happens in the film

A typical behind the scenes set of a commercial in the making, our celebrity Ahmed Fahmy is dangling from the ceiling dressed as a parrot. The master shot has been taken and Fahmy is ready to finally be released, but his agent has some bad news for him, the client wants to take a picture. Naturally, this can happen after Fahmy is released from this embarrassing position, but no, the client wants to take a picture with the character...the Parrot...not Fahmy, the actor. One more minor problem, the client is having lunch and will be right back to take the picture. In the meantime, Fahmy needs to remain hanging in this completely demeaning manner.

As Fahmy begins his outburst of disapproval, his agent calmly reminds him of the installment he has to pay next week for his mansion in New Cairo. Fahmy, defeated, calms down and is left hanging awaiting.

Background:

Touba is the first of its kind financial app that allows Egyptians to invest in partial real estate, to own shares and grow their ownership at their own pace and convenience.

Because it's still a very novel idea in Egypt and has NO competition at all, this brief was out to

A. generate awareness and build consideration through clearly showcasing how Touba directly tackles a serious problem for Egypt's mass population.

B. educate buyers on the simplicity of the idea and how you end up buying your home with flexibility and financial freedom.

Describe the Impact:

Within a month of launching the campaign, our brand tracker confirmed a whopping 62% of respondents recognized this tiny, extremely young brand! With barely any work done yet, the brand managed to get the attention it deserved.

And this recognition paid off in sales as well:

Madinet Masr, the real estate giant and owner of brand innovation, Touba, sold real estate worth 34 Billion Egyptian Pounds in 2023.

Of these 34 Billion, a new phase launch that was the FIRST to be offered on the Touba app equated 616M EGP.

Touba was actually used to buy 85% of this new launch phase! Accounting to 558M EGP from the offered 616M.

Please tell us about the social behaviour and / or cultural insights that inspired your work

Egyptians resort to humor when times are tough. The phrase: "Aleih Esat" or "Has installments to pay" is commonly used to make fun of someone who put themselves in a compromising situation. Often used to make fun of Egyptian actors getting paid to do silly commercials or visiting richer Gulf States to appear in award ceremonies, etc, etc.

We managed to convince an A star celebrity to playfully "admit" that he has "installments to pay" to reveal the importance and solution driven innovation behind our brand Touba.

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