With the signing of an agreement on Thursday between Dubai Municipality and DP World to construct the largest automotive market in the world, a new market dedicated to cars will open in Dubai.
The market will occupy 20 million square feet under the direction of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and in accordance with the vision of Sheikh Mohammed bin Rashid Al Maktoum. It will be linked to international markets via DP World's network and provide cutting-edge banking and government services. Additionally, it will have important gatherings and specialist seminars related to the automobile industry.
The project is a component of the Dubai Economic Agenda D33, which aims to make the emirate one of the top three economic cities by 2033 and double the size of its economy.
This will be accomplished by expanding the vehicle market's capacity, boosting present sales, and linking it to 77 DP World-managed ports globally.
