Dubai: Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, witnessed the launch of the Dubai Auto Market development project. This initiative aims to transform the Dubai Auto Market into the world’s largest and most advanced of its kind.
According to Emirates News Agency, H.H. Sheikh Maktoum also unveiled the project’s visual brand identity. The landmark project, which will cover an area of 22 million square feet, is being developed by DP World, selected for its extensive logistics expertise and global network that ensures exceptional connectivity.
H.H. Sheikh Maktoum emphasized that under the vision of His Highness Sheikh Mohammed, Dubai is solidifying its status as a leading economic and commercial center. The Dubai Auto Market is a significant addition to this vision, reinforcing Dubai’s position among the world’s prominent automotive trade hubs. It will leverage advanced infrastructure and a global logistics network managed by DP World.
The Dubai Auto Market is planned as a comprehensive destination for automotive enthusiasts and investors. It will feature state-of-the-art facilities, expansive showrooms, warehouses, and host international conferences and events. This development aims to attract new investment, driving economic growth and advancing the Dubai Economic Agenda D33, which seeks to double the emirate’s economy by 2033.
H.H. Sheikh Maktoum was briefed on the project’s objectives and phases of development. Upon completion, the market will house over 1,500 showrooms, workshop zones, warehouses, and multi-storey car parking. It will also include a convention center, hotel, auction house, and retail areas, designed to handle over 800,000 vehicles annually.
The launch event at Jumeirah Emirates Towers was attended by several dignitaries, including Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World. Sultan Ahmed bin Sulayem highlighted that the Dubai Auto Market marks a significant milestone in positioning Dubai as a global trade leader.
Abdulla bin Damithan, CEO and Managing Director of DP World GCC, added that the market will be a one-stop destination for automotive needs, with a comprehensive ecosystem and world-class infrastructure. The market aims to set new benchmarks in the sector, working closely with the business community to cater to evolving industry needs.
The Dubai Auto Market will connect key exporting countries to markets in Africa, the Middle East, and Southeast Asia. It will facilitate the trade of new and used electric, hybrid, and conventional vehicles, reinforcing Dubai’s position in the global automotive industry.
The new market will integrate advanced infrastructure with on-site facilities, including customs checks and employee accommodation. With UAE passenger car sales and re-exports projected to nearly double by 2030, the Dubai Auto Market is poised to facilitate this growth.
Dubai Municipality has signed a partnership with DP World’s Economic Zones sector to establish and manage the Dubai Auto Market. This partnership aims to enhance Dubai’s status as a global hub for innovation and trade in the automotive sector, drawing on DP World’s expertise in integrated economic zones.
Leveraging its global expertise, DP World’s Economic Zones sector will deliver logistics solutions, encompassing e-commerce, trade finance, and asset development, further cementing Dubai’s role as a key player in the automotive industry.