{"id":615200,"date":"2024-02-14T00:00:00","date_gmt":"2024-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/14\/spending-on-outdoor-advertising-hit-record-high-in-2023-admazad\/"},"modified":"2024-02-14T00:00:00","modified_gmt":"2024-02-14T00:00:00","slug":"spending-on-outdoor-advertising-hit-record-high-in-2023-admazad","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/14\/spending-on-outdoor-advertising-hit-record-high-in-2023-admazad\/","title":{"rendered":"Spending on outdoor advertising hit record high in 2023 -AdMazad"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A record year for outdoor ad spending: <\/strong>Businesses spent a record EGP 3.9 bn last year on out-of-home (OOH) advertising \u2014 billboards, bus posters, and checkout advertising \u2014 in Greater Cairo and Alexandria, up almost 22% y-o-y, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1293.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> from outdoor ad aggregator AdMazad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The number of OOH advertisers rose 8% y-o-y to 1.1k<\/strong>, while the number of billboards increased 5% y-o-y to 32.2k. Real estate advertisers were the top spenders for the second year in a row, accounting for 49% of OOH ads in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was a big year for FMCGs:<\/strong> Advertisers of fast-moving consumer goods (FMCG) \u2014 affordable, essential products that are in high-demand (think household essentials) \u2014 came in second with an 11% market share. It was followed by the hospitality sector (6%) and the telecom sector (5%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advertisers were getting more value for their money<\/strong>, AdMazad\u2019s data suggests. Total impressions on outdoor billboards \u2014 a metric used to refer to the number of times an advertisement is viewed \u2014 were up 26% y-o-y in 2023, reaching 141.7 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cost to reach 1k people whizzing by (or stuck in gridlock):<\/strong> EGP 27.4, down 8.3% from 2022. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More brands pile into outdoor billboard ads:<\/strong> Businesses opting for OOH advertising increased 8% through 2023. \u201cThe limited currency exposure of the medium, resulted in a growing share of OOH in the media mix of large advertisers,\u201d said AdMazad Founding Partner and Managing Director Assem Memon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat: <\/strong>The figures were accumulated based on audits from 42.7k billboards across Greater Cairo and Alexandira. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">**<strong> We sat down with Assem Memon for our <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/045df5f0-0080-405c-a14e-654699b8298f\" style=\"\" rel=\"noopener\">Morning Routine<\/a><\/strong><strong> column back in 2021.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate advertisers were the top spenders for a second straight year<\/p>\n","protected":false},"author":1,"featured_media":615201,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8375],"tags":[3100,8374,72,383,3877],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketing","tag-admazad","tag-advertising","tag-enterpriseam","tag-fmcg","tag-marketing","wpautop","entry"],"acf":{"mongo_id":"d37cff8b-85f6-4c1b-9723-e97ac8fc1efc","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1295.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian businesses\u2019 spending on outdoor advertising hit record high in 2023 -AdMazad","related_issue":[615191],"teaser":"Real estate advertisers were the top spenders for a second straight year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.03e05cdb-440d-4a6c-811e-2ba5da87aae2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Speaking to us this week is Assem Memon (LinkedIn). 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Microsoft experienced issues with its online services today, including Teams, Outlook, and its cloud platform Azure, which the company attributed to a networking outage. \u201cWe've rolled back\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/746.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/615200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=615200"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/615200\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/615191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/615201"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=615200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=615200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=615200"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=615200"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=615200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}