His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has directed the development of the Dubai Car Market, the largest and most advanced car market in the world.
The partnership agreement between Dubai Municipality and DP World for the development of the new car market was signed under the supervision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE.
Spanning 20 million square feet, DP World has been entrusted with the construction and management of the Dubai Car Market. Leveraging its extensive logistical expertise and global network, which includes over 430 business units in 86 countries, DP World will ensure the market's success.
His Highness Sheikh Mohammed bin Rashid said, "The Dubai Car Market will be connected with 77 ports managed by DP World around the globe, enhancing its capacity and doubling its current sales of Dhs 6.8 billion. The new market will become a global hub that offers commercial services, and logistics and financing solutions for this vital sector. It will also be a premier destination for major conferences and specialised events for car enthusiasts."
What To Expect From The Dubai Car Market
The Dubai Car Market will offer integrated services such as buying, selling, registration, banking, and logistics. It will have the capacity to host global events, attracting car enthusiasts and investors.
The project aims to expand the current car market area from 2.8 million to 20 million square feet, making it eight times larger. It will be a comprehensive global centre offering advanced automotive services.
Current sales and operations of the existing car market, valued at Dhs 6.8 billion, are expected to double with the expansion.
The new market will provide innovative government and banking services and connect to global markets through DP World’s network.
It will host major automotive events and conferences, featuring exhibition areas, and recreational, cultural, and commercial zones.
This project supports the Dubai Economic Agenda D33, enhancing innovation and trade and providing top-tier infrastructure and services to bolster the local and global economy.