Dubai to build world’s largest car market

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An artist’s impression of the largest car market to be built in Dubai.

Dubai will be the home of the world’s largest car market after the Dubai Municipality and DP World signed a deal on Thursday (July 4).

Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed the development of the Dubai Car Market, which will also be the most advanced car market in the world. The project is part of the Dubai Economic Agenda D33, which seeks to double the size of Dubai’s economy by 2033.

The massive new car market is set to cover an area of 20 million square feet and will be built under Sheikh Mohammed’s vision. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, will oversee the project. The market will have spaces to host major events and specialized conferences in the automotive world.

“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. Dubai will continue to develop new development projects as part of its vision to be one of the largest economic and commercial centres in the world,” Sheikh Mohammed said.

The world’s largest car market will also offer government and banking services and will be connected to 77 ports managed by DP World around the world.

Dubai currently has numerous car dealerships scattered across various areas of the city, including Sheikh Zayed Road, Deira and Dubai Festival City. It also has a used car market in Al Aweer. When completed, the Dubai Car Market will expand Dubai’s current car market area from 2.8 million square feet to 20 million square feet, making it eight times its current size. Sales and operations, currently valued at Dh6.8 billion, are also expected to double with the infrastructure and service expansions. ICA/Expat Media

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