Dubai has unveiled plans to build the world's largest car market.
Dubai Municipality and DP World have signed an agreement to develop the facility covering an area of 20 million square feet.
It will deal with all aspects of the automotive sector and will also host major events and conferences.
The car market, which will be connected to 77 ports worldwide, will offer comprehensive commercial, logistical and financial solutions.
The project is aligned with the goals of the Dubai Economic Agenda D33, which aims to double the size of the emirate's economy and transform it into one of the world's top three cities by 2033.
Under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and the oversight of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, today we witnessed the signing of a partnership agreement between Dubai Municipality and DP World to develop the largest and… pic.twitter.com/qft9u1P1EL
— Maktoum Bin Mohammed (@MaktoumMohammed) July 4, 2024
. @MaktoumMohammed: The new market will offer innovative government and banking services and will be connected to global markets through DP World's network. It will host major events and specialized conferences in the automotive world, making it a global destination for car… pic.twitter.com/RWaCRQ6SUP
— Dubai Media Office (@DXBMediaOffice) July 4, 2024
Dubai Customs launches voluntary declaration initiative
Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes
DEWA's power model attracts over AED 43 billion in investments
Dubai Customs, Dubai Chambers discuss joint support for Dubai Economic Agenda
Japan to lead decarbonisation in Asia, says Japanese PM Kishida
