The Prince Sheikh Mohammed Bin Rashid Al Maktoum, vice president, prime minister, and ruler of Dubai, has overseen the development of the “Dubai Car Market,” the biggest and most sophisticated automobile market in the world.
The Prince “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,” Sheikh Mohammed Bin Rashid stated. By connecting to the 77 ports that DP World manages worldwide, the “Dubai Car Market” will double its current AED6.8 billion in sales and increase its capacity.
“The new market will develop into a global hub that provides commercial services, logistics, and financing solutions for this essential sector,” he continued. Additionally, it will be a top location for essential conferences and events explicitly catered to auto enthusiasts. As part of its goal to be a global leader in real estate, Dubai will keep creating new projects.
The “Dubai Car Market” is a strategic initiative that helps Dubai realize its future vision. It will provide integrated services like buying, selling, registration, banking, and logistics. Because the market can accommodate international events, investors and auto enthusiasts will choose it as their destination.
“We aim to provide an integrated investment environment that supports sustainable economic growth,” stated Sheikh Mohammed Bin Rashid, “through strategic initiatives like the ‘Dubai Car Market’.
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