ider layouts and smarter circulation designed to improve the flow of vehicles, goods, and people.

Sheikh Maktoum also witnessed the unveiling of the project’s visual brand identity. T h e landmark project, set to cover an area of 22 million square feet, is being developed by DP World, which was chosen considering its extensive logistics expertise and its global network that ensures exceptional access and connectivity.

“Under the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai continues to solidify its status as one of the world’s leading economic and commercial centers.The Dubai Auto Market reflects this ambitious vision and is a significant addition that will reinforce Dubai’s position among the world’s most prominent and rapidly growing automotive trade hubs, leveraging an advanced infrastructure and a global logistics network, managed by DP World, that spans continents,” Sheikh Maktoum said.

M arket to feature over 1,500 showrooms Sheikh Maktoum was briefed about the projec t , its objectives and various phases of development. Once ready, the market will feature over 1,500 showrooms, clustered workshop zones, warehouses and multi-storey car parking fa c ilities, along with a convention center, hotel, an auction house, besides F&B and retail areas.

T he facility is designed to handle more than 800,000 vehicles annually, making it one of the world’s largest and most advanced trade hubs of its kind.

“ The Dubai Auto Market is conceived as an all-in-one destination; a global hub for automotive enthusiasts and investors alike. Its state-of-the-art facilities are designed to accommodate expansive showrooms and warehouses, host major international conferences and event s and foster a cluster of light industries for vehicle assembly and trade. The market is set to attract new investment, further driving economic growth and advancing the goals of the Dubai Economic Agenda D33 to double the emirate’s economy by 2033 and establish Dubai among the world’s top three urban economies,” His Highness added.

Expansion to double sales to over AED12 billion

W ith UAE passenger car sales and re-exports projected to nearly double by 2030, Dubai Auto Market will be a key actor to facilitate that growth. Leveraging DP World’s extensive global network of 77 ports and 15 automotive transshipment hubs, which currently handle 10 percent of the world’s automotive trade, the expanded auto market is poised to double its sales of AED6.8 billion. Dubai’s status as the Gulf region’s leading automotive trading hub and the largest used car market is well-established. The Jebel Ali Free Zone (Jafza) is central to this success and has attracted more than 940 automotive and spare parts companies, including major industry players such as Ford, General Motors, Honda, Hyundai, Mitsubishi, Nissan, Volkswagen and Volvo.

“ Dubai Auto Market will be a one-stop destination for all automotive needs. Our goal is to establish a comprehensive ecosystem with world-class infrastructure and a wide r a nge of service offerings that will set new benchmarks in the sector. To do t hat, we are working closely with the business community and other stakeholders to design state-of-the-ar t facilities that will cater to the diverse and evolving needs of the industry and l a y the foundation for growth,” said Abdulla bin Damithan, CEO and managing director of DP World GCC.