Dubai is taking a big step in the automotive world. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has announced a new project called the ‘Dubai Car Market.’ This market will be the largest and most advanced car market globally.

Strengthening Dubai’s Role in Automotive Trade

The goal of the Dubai Car Market is to make Dubai a leading city in the global car trade. This project will cover 20 million square feet. It is a partnership between Dubai Municipality and DP World. The agreement for this partnership was signed under the supervision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, also witnessed the signing.

Goals of the Dubai Car Market

His Highness Sheikh Mohammed bin Rashid shared the importance of this new market – “The ‘Dubai Car Market’ will make our current market eight times bigger. It will connect to 77 ports worldwide. This will increase its capacity and double its current sales of AED 6.8 billion.”

Offering Many Services

The Dubai Car Market will provide a variety of services. These include buying, selling, registering cars, banking, and logistics. The market aims to be a global hub for these services. It will also host major conferences and events, attracting car lovers and investors from around the world.

Enhancing Investment and Economic Growth

Dawood Al Hajri, Director-General of Dubai Municipality, explained how this project will help Dubai – “This partnership with DP World will offer the best services and infrastructure. It will meet the needs of investors and support sustainable economic growth.”

Using Expertise in Logistics

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, confirmed their dedication to the project, “We will use our expertise in logistics to make Dubai a top destination in the car trade sector.”

Part of Dubai’s Economic Plan

The Dubai Car Market is part of the Dubai Economic Agenda D33. This agenda aims to double Dubai’s economy and make it one of the top three urban economies in the world by 2033. This project is a big step towards creating an investment-friendly environment that supports sustainable growth and innovation.

What to Expect

The Dubai Car Market will be more than just a place to buy and sell cars. It will offer a wide range of services, making it a one-stop shop for all automotive needs.

Buying and Selling – The market will facilitate easy buying and selling of cars, with streamlined processes to make transactions smooth.

Registration – On-site facilities will allow for quick and efficient car registration.

Banking Services – Various financial services, including loans and insurance, will be available to support buyers and sellers.

Logistics – Advanced logistics services will ensure that cars can be transported to and from the market efficiently.

Events and Conferences – The market will host major automotive events and conferences, attracting industry professionals and enthusiasts from around the globe.

Dubai is already known for its luxury and innovation. By creating the world’s largest and most advanced car market, Dubai is reinforcing its position as a global leader in various sectors. This new market will attract more businesses, create jobs, and boost the economy.

If you are a car enthusiast, investor, or business owner, the Dubai Car Market will offer numerous opportunities. You will have access to a vast selection of vehicles, top-notch services, and a global network. Whether you are looking to buy a new car, sell an old one, or expand your business, this market will cater to all your needs.

Dubai is set to revolutionize the automotive industry with the Dubai Car Market. This project will offer a wide range of services and host major events, drawing global attention. As part of Dubai’s plan to strengthen its economy, this market will make Dubai a leading city in the automotive trade sector. Keep an eye on this exciting development as it takes shape and transforms the car market landscape.

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