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DP World gets signed up to build the world’s largest car market in Dubai

Women's Tabloid News Desk
Women's Tabloid News Desk

DP World, a key provider of end-to-end supply chain solutions, has done a deal with Dubai Municipality to develop the largest and most advanced car market globally. This came as a move to solidify Dubai’s position as one of the largest and growing cities in the automobile world. DP World will be building this dream-come-true market for automotive lovers and will be named ‘Dubai Car Market’. 

“Today, we have mandated DP World to develop the ‘Dubai Car Market’, expanding the current market eightfold to create a 20 million sq. ft. facility that will be the largest and most advanced car market globally,” said Dubai Ruler, Prime Minister, and Vice President Sheikh Mohammed bin Rashid Al Maktoum at the launch ceremony. “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 AED 6.8 billion,” he stated. 

“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 specialised events for car enthusiasts. Dubai will continue to develop new development projects as part of its vision to be one of the largest economic and commercial centres in the world,” he added.

By the deal, DP World will put to use its extensive logistical expertise and global network, which includes over 430 business units in 86 countries, to ensure the market’s success.

Sheikh Mohammed said: “Through strategic initiatives like the ‘Dubai Car Market’, we aim to provide an integrated investment environment that supports sustainable economic growth. This initiative will accelerate the achievement of the goals of the Dubai Economic Agenda D33 to double the size of the Emirates’ economy and transform it into one of the world’s top three urban economies by 2033.”

Al Hajri said: “Signing the partnership agreement with DP World represents a major step towards realising Dubai’s vision for developing the largest and most advanced car market in the world. We aim to provide the best services that meet the needs of investors and traders, enhancing Dubai’s position as a premier global investment destination in the automotive sector.”

“This project aims to enhance infrastructure and develop integrated services that contribute to supporting the local economy and achieving sustainable growth. Establishing the ‘Dubai Car Market’ will attract foreign investments and strengthen Dubai’s position as a global innovation and trade centre,” he stated. 

Bin Sulayem said: “We are proud to collaborate with Dubai Municipality on this ambitious project. We aim to leverage our services and expertise in managing economic zones to establish Dubai as a leading destination in the automotive trade sector. We will continue our commitment to providing the best logistical and technological solutions to support this project.”

“We are committed to providing services and infrastructure that keep pace with global developments and meet investors’ expectations. This project is vital to enhancing the local economy and achieving sustainable growth. We will provide all resources to ensure its success,” he added.

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