Dubai to Develop World's Largest Car Market
The new market will offer government and banking services and be connected to global markets through DP World's network.
Dubai Municipality and DP World have signed a partnership agreement to develop the largest car market in the world under the supervision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and the oversight of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
Spanning 20 million square feet, the new market will offer government and banking services and be connected to global markets through DP World's network. It will host major events and specialized conferences in the automotive world, making it a global destination for car enthusiasts.
Under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and the oversight of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, today we witnessed the signing of a partnership agreement between Dubai Municipality and DP World to develop the largest and… pic.twitter.com/qft9u1P1EL
— Maktoum Bin Mohammed (@MaktoumMohammed) July 4, 2024
The market aims to increase its capacity and sales, connecting to 77 ports worldwide managed by DP World. This initiative is part of the Dubai Economic Agenda D33, which seeks to double the size of the emirate's economy and transform it into one of the top three economic cities by 2033.
Recently, the Executive Council of Dubai approved a series of initiatives to support Dubai's economic agenda.