The Honourable The largest and most sophisticated car market in the world, the “Dubai Car Market,” has been developed under Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President, Prime Minister, and ruler of Dubai.
A partnership agreement between Dubai Municipality and DP World for the development of the new car market, spanning 20 million square feet, was witnessed by Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, under His Highness’s directives and under the supervision of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. The “Dubai Car Market” construction and management have been given to DP World.
The Honourable Sheikh Mohammed Bin Rashid declared, “We have given DP World the go-ahead to develop the ‘Dubai Car Market,’ quadrupling the size of the existing market to 20 million square feet, which will make it the most sophisticated and largest car market in the world. Connecting the “Dubai Car Market” to the 77 ports that DP World manages worldwide will increase its capacity and double its current AED6.8 billion in sales.
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