Dubai Unveils World's Largest Car Market: A New Global Hub for Automotive Excellence

• Sheikh Mohammed bin Rashid Al Maktoum has initiated the creation of the "Dubai Car Market," set to be the world's largest and most advanced.

• The market will expand from 2.8 million sq ft to 20 million sq ft, an increase of eight times the current size.

• Anticipated to double its current sales to AED 6.8 billion ($1.9 billion).

• Will connect to 77 ports worldwide, enhancing global trade links.

• DP World is tasked with construction and management, utilizing its global network of over 430 business units in 86 countries.

• The new market aims to offer comprehensive services, including sales, registration, banking, and logistics.

• Designed to be a prime venue for major automotive conferences and events.

• It is expected to attract significant foreign investment and boost the local economy.

• Dubai's broader vision is to double its economy by 2033 under the Dubai Economic Agenda D33.

• Aims to position Dubai as a premier global investment destination in the automotive sector.

Dubai is set to revolutionize the automotive trade sector by announcing the "Dubai Car Market," projected to be the largest and most sophisticated globally. Directed by Sheikh Mohammed bin Rashid Al Maktoum, this ambitious project aims to expand the current market area from 2.8 million square feet to 20 million square feet, enhancing its capacity to accommodate a broader range of automotive services and events.

Managed by DP World, known for its substantial logistical and operational expertise, the market is expected to double its sales to an impressive AED 6.8 billion ($1.9 billion). The expansion will include connections to 77 ports worldwide, significantly boosting Dubai's global trade capabilities. This strategic development is aligned with the city's vision to solidify its standing as a key player in the global economy, particularly in the automotive sector.

The Dubai Car Market will serve as a full-service hub, offering not only vehicle buying and selling but also registration, banking, and comprehensive logistical services. It aims to become a central venue for international automotive conferences and specialized events, attracting car enthusiasts and investors from around the globe.

This initiative is a cornerstone in realizing the goals of the Dubai Economic Agenda D33, which aims to double the size of the emirate's economy and elevate its status to one of the top three urban economies worldwide by 2033. By integrating advanced automotive services with robust economic strategies, Dubai is positioning itself as a leading global destination for innovation and trade in the automotive industry.