His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has directed the development of the Dubai Car Market — a project set to become the largest and most advanced car market in the world. The initiative is designed to solidify Dubai's position as a global automobile trading hub.
Partnership Between Dubai Municipality and DP World
Under the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, and H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance, Dubai Municipality and DP World signed a Memorandum of Understanding formalising an investment partnership.
DP World will be responsible for the development and operation of the 20-million-square-foot market, drawing on its international connections and deep expertise in logistics.
Scale and Ambition of the World's Largest Car Market
Sheikh Mohammed emphasised the global reach DP World brings through its network of 77 managed terminals. "The new market will grow to be a worldwide commercial centre that will provide services, transport, and funding for this strategic segment," he said. "It will also host large stratified auto industry congresses and other specialised automotive events."
The Dubai Car Market will expand from its current footprint of 2.8 million square feet to 20 million square feet — more than seven times its existing size. Current market operations are valued at AED 6.8 billion, and the expansion is projected to substantially increase revenues and services.
Integrated Services Supporting Dubai's Economy
The market will function as a full-service automotive destination, encompassing buying, selling, vehicle registration, banking, and logistics. These offerings are directly aligned with the Dubai Economic Agenda D33, Sheikh Mohammed's plan to double the size of the emirate's economy and rank it among the world's top three urban economies by 2033.
Dawood Al Hajri, Director General of Dubai Municipality, highlighted the project's role in attracting foreign investment, boosting international trade, and reinforcing Dubai's reputation as a hub for innovation. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, underscored the company's commitment to delivering premier logistical and technological solutions for the new facility.
A Hub for Automotive Trade and Innovation
Beyond day-to-day commerce, the Dubai Car Market will host major automotive events and industry conferences, positioning the emirate as a premier global destination for car buyers, investors, and industry professionals alike.
The project reflects Dubai's broader vision of building world-class infrastructure that serves both the domestic economy and global trade, ensuring long-term, sustainable growth in the automotive sector.
