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7/5/24, 3:50 PM Mohammed bin Rashid directs development of world’s largest, most advanced Dubai-based car market – Creative mind
Mohammed bin Rashid directs development

of world’s largest, most advanced Dubai-

based car market

EDITOR July 4, 2024 5 minute read

DUBAI,

(WAM) — His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and

Ruler of Dubai, has directed the development of the ‘Dubai Car Market’, the largest and most advanced car

market in the world.

The initiative aims to solidify Dubai’s position as one of the world’s most prominent and rapidly growing cities
in the automotive trade sector.

In line with His Highness’s directives and under the supervision of H.H. Sheikh Hamdan bin Mohammed bin

Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, H.H. Sheikh Maktoum

bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of
Finance, witnessed the signing of a partnership agreement between Dubai Municipality and DP World for the

development of the new car market, spanning 20 million square feet. DP World has been entrusted with the
construction and management of the ‘Dubai Car Market’. DP World will leverage its extensive logistical

expertise and global network, which includes over 430 business units in 86 countries, to ensure the market’s

success.

His Highness Sheikh Mohammed bin Rashid said, “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.

He added, “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

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