Page 534 - DUBAI MUNICIPALITY ENGLISH PR REPORT JULY 2024_Neat
P. 534
7/5/24, 3:48 PM Dubai to get mega 20 million sq.ft. car market
Dubai to get mega 20 million sq.ft. car market
‘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 $1.85 billion
The market will have the capacity to host global events
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 agreement for the 20 million square feet market was signed between Dubai Municipality and
DP World.
The initiative will solidify Dubai’s position as one of the world’s most prominent and rapidly
growing cities in the automotive trade sector.
DP World will construct and manage the market, leveraging its extensive logistical expertise and
global network, which includes over 430 business units in 86 countries, to ensure the market’s
success.
Doubling sales
“Today, we have mandated DP World to develop the ‘Dubai Car Market’, expanding the current
market eightfold to create a 20 million square feet facility that will be the largest and most advanced
car market globally. 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 AED6.8 billion ($1.85
billion),” Sheikh Mohammed said.
A strategic project that contributes to realising Dubai’s future vision, the ‘Dubai Car Market’ will
offer integrated services. These include buying, selling, registration, banking and logistics.
https://economymiddleeast.com/news/dubai-to-get-mega-20-million-sq-ft-car-market/ 1/2