• Sayed Sima stands next to a 1948 British Standard Flying Eight Tourer in his collection of vintage cars, in the Giza suburb of Abu Rawash, Egypt. All photos by AP
    Sayed Sima stands next to a 1948 British Standard Flying Eight Tourer in his collection of vintage cars, in the Giza suburb of Abu Rawash, Egypt. All photos by AP
  • Egyptian vintage car collector Mohamed Wahdan, 52, is reflected in the mirror of his 1924 Ford T at a classic car show in Cairo. The car once belonged to Egypt's King Farouk.
    Egyptian vintage car collector Mohamed Wahdan, 52, is reflected in the mirror of his 1924 Ford T at a classic car show in Cairo. The car once belonged to Egypt's King Farouk.
  • Mr Wahdan drives a 1948 Chrysler in Obour city, north-east of Cairo. Over 20 years, the businessman has collected more than 250 vintage, antique and classic cars.
    Mr Wahdan drives a 1948 Chrysler in Obour city, north-east of Cairo. Over 20 years, the businessman has collected more than 250 vintage, antique and classic cars.
  • Egyptian collector Mohamed Wahdan talks to people about his 1924 Ford T at a public show in Cairo, Egypt, Saturday, March 19, 2022. The car once belonged to Egypt's King Farouk's and is a part of over 250 vintage, antique and classic cars Wahdan collected over the past 20 years. (AP Photo / Amr Nabil)
    Egyptian collector Mohamed Wahdan talks to people about his 1924 Ford T at a public show in Cairo, Egypt, Saturday, March 19, 2022. The car once belonged to Egypt's King Farouk's and is a part of over 250 vintage, antique and classic cars Wahdan collected over the past 20 years. (AP Photo / Amr Nabil)
  • The vintage car collector is silhouetted in his 1924 Ford T.
    The vintage car collector is silhouetted in his 1924 Ford T.
  • Car enthusiast Carine Sherif poses in front of Mr Wahdan's 1924 Ford T at a classic car show in Cairo.
    Car enthusiast Carine Sherif poses in front of Mr Wahdan's 1924 Ford T at a classic car show in Cairo.
  • Mr Wahdan behind the wheel of his 1948 Chrysler in Obour city.
    Mr Wahdan behind the wheel of his 1948 Chrysler in Obour city.

The Egyptian collector with hundreds of classic cars


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  • Arabic

The past frequently collides with the present in Cairo, with traffic snarling past ancient sites.

Cars in the city can take a beating – between soaring temperatures, insidious desert dust and the crowded streets.

Classic models are not uncommon, but they often languish in dusty alleys or hidden in garages. One man, however, has decided to try to preserve a slice of Egypt’s four-wheeled history.

Car collector Mohamed Wahdan says he has accumulated more than 250 vintage, antique and classic cars. Most of them he discovered in the country.

Mechanics select cars for restoration at a lot in El Saff outside Cairo, Friday, April 8, 2022. Egyptian classic car collector Mohamed Wahdan says he has accumulated more than 250 vintage, antique and classic cars over the past 20 years. AP Photo
Mechanics select cars for restoration at a lot in El Saff outside Cairo, Friday, April 8, 2022. Egyptian classic car collector Mohamed Wahdan says he has accumulated more than 250 vintage, antique and classic cars over the past 20 years. AP Photo

A fleet of this size would rank him among the world’s top classic car collectors. Experts classify vehicles as vintage, antique or classic depending on their year of production.

Mr Wahdan, 52, runs a tourist company taking visitors to Egypt’s famous landmarks. But he is devoted to his hobby. He owns several garages to keep all of them, and employs a full-time team of mechanics for maintenance.

He says one of the challenges is in getting the cars licence plates. Government employees are often unsure how to classify them.

Mr Wahdan’s oldest car, a 1924 Model T Ford that belonged to Egypt’s last monarch, King Farouk, is a museum piece, complete with a velvet rope to mark its parking place in his garage.

A mechanic replaces the bonnet ornament on a 1976 Mercedes at a private collector's lot in El Saff city outside Cairo, Egypt. AP Photo
A mechanic replaces the bonnet ornament on a 1976 Mercedes at a private collector's lot in El Saff city outside Cairo, Egypt. AP Photo

The country’s layered history makes it a treasure trove for antiques. Egypt, a former British protectorate, was a destination for Europeans in the late 19th century and the first half of the 20th century. Italian, Greek and Jewish communities once flourished in Cairo and the Mediterranean city of Alexandria. Its historic markets, or souqs, sell many reminders of times gone by, a mix of replicas and the real thing.

Mr Wahdan has collected many of them. Rotary-dial telephones, gramophones, and old newspapers and stamps also fascinate him.

Recently, his cars made a name for themselves, with one appearing in a TV series set in the 1930s. He has noticed that interest in car collecting is growing among Egyptians, as more flock to classic car shows where his vehicles are displayed.

One of his dearest items is his first purchase, a 1970s Mercedes. Like his other cars, he does not drive it often. But he says he would never sell any of his collection.

“Anyone who is passionate about those cars is unable to do without them,” he said.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Updated: April 20, 2022, 10:15 AM