Mohammed bin Rashid will lead the event of the Dubai Auto Market… to be the largest and greatest on this planet

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, might God shield him, ordered the institution of the “Dubai Automotive Market”, to be the most important and greatest market of its form within the nation. world, thus contributing to the consolidation of Dubai’s place as one of the vital essential and essential cities on this planet Progress within the area of automotive commerce.

In implementing the directives of His Highness, and following on from His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Govt Council, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Governor of Dubai, Deputy Prime Minister and Minister of Finance, witnessed the signing of the partnership settlement between Dubai Municipality and DP World to create and develop the Dubai Auto Market, to be the market largest and greatest on this planet on an space of ​​20 million sq. toes, and outsource the development and administration of the brand new market to DP World based mostly on their nice logistical experience and skill to achieve each a part of the world and its connection, by means of its community together with greater than 430 enterprise items in 86 international locations.

His Highness Sheikh Mohammed bin Rashid Al Maktoum stated: “We ordered the Dubai Automotive Market to be outsourced to DP World, and its present space multiplied eightfold to achieve 20 million sq. toes, in order that will probably be greatest and greatest automotive market in. around the globe, and dealing to attach the market with 77 ports around the globe.”

His Highness added: “The brand new market can be a world heart for industrial providers, services, logistics options, gentle industries and finance for this essential sector, and a vacation spot for main conferences and particular occasions for its clients. – observe the world of vehicles. Dubai will proceed to develop financial and growth tasks to turn into one of many largest financial and industrial facilities on this planet.”

The directive of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, might God shield him, to determine the Dubai Automotive Market to be the most important and greatest market on this planet, as a brand new market. a step that strengthens Dubai’s place as a world industrial heart, primarily as a result of happiness of the emirate.

For his half, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, emphasised that the imaginative and prescient and pointers of His Highness Sheikh Mohammed bin Rashid Al Maktoum are the idea of the event course of in Dubai begins.

His Highness stated: “We’re working by means of the bold imaginative and prescient of His Highness Sheikh Mohammed bin Rashid, with the intention of strengthening Dubai’s place as a world financial heart by means of strategic initiatives. The institution of the Dubai Auto Market – to be the most important and greatest on this planet – represents a qualitative addition by means of which we need to present an built-in funding atmosphere that helps sustainable financial progress. “

His Highness stated: “This initiative will assist speed up the tempo in the direction of reaching the targets of the Dubai Financial Agenda (D33), which goals to double the scale of the emirate’s economic system and remodel it into one of many three greatest financial cities by 2033. We search to strengthen varied financial and industrial sectors, by making the most of Dubai’s location and its provide capabilities, together with It assist the native economic system with new job alternatives and investments.”

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum witnessed the signing of a partnership settlement between Dubai Municipality and the Financial Zones Division of DP World, to determine and handle the brand new market.

The settlement comes inside the framework of a strategic cooperation between the 2 sides to strengthen Dubai’s place as a world heart for innovation and commerce within the automotive area, counting on the in depth data that at DP World in creating and working built-in financial zones, and enterprise. and logistics facilities.

Beneath this partnership, DP World’s Financial Zones division, by means of its experience and administration of built-in financial facilities in lots of international locations around the globe, will present complete procurement options that embody e- commerce, commerce finance and asset growth.

The Chairman of the Board of Administrators and CEO of Dubai Ports World Group (DP World), Sultan Ahmed bin Sulayem, confirmed that cooperation between the federal government and personal establishments contributes to supporting the nationwide economic system of Dubai.

He stated: “We’re proud to collaborate with Dubai Municipality on this bold challenge, and we need to make use of our providers and expertise within the area of managing establishments financial to consolidate Dubai’s place as a number one vacation spot within the automotive commerce sector. We’ll proceed our dedication to offering one of the best logistical and technological options to assist this challenge.” He stated: “We’re dedicated to offering one of the best providers and infrastructure that may sustain with world developments and meet the needs of buyers. We perceive the significance of this challenge in boosting the native economic system and reaching sustainable progress, and we’ll work to supply all of the sources and capabilities that may make sure the success and achievement of the challenge his targets.”

Ahmed Bin Sulayem concluded, saying, “Our partnership with Dubai Municipality demonstrates our dedication to supply one of the best options and providers that meet the wants of the market and contribute to reaching our future imaginative and prescient. We’re enthusiastic about this chance and try to realize sustainable successes that may contribute to strengthening Dubai’s place as a world heart for innovation and commerce within the automotive sector.”

For his half, the Director Normal of Dubai Municipality, Dawoud Al Hajri, stated: “Signing the partnership settlement with DP World represents an essential step in the direction of reaching Dubai’s bold imaginative and prescient of being creating the automotive market as the largest and greatest on this planet, and thru. with this promising challenge we’re keen to supply one of the best providers and services that “Meet the wants of buyers and merchants, which can strengthen Dubai’s place as a major vacation spot for funding within the automotive sector.”

Al Hajri stated: “Via this challenge, we search to strengthen infrastructure and develop built-in providers that may contribute to supporting the native economic system and reaching the sustainable progress of buyers’ aspirations. “The institution of the Dubai Auto Market will improve our capability to draw overseas funding and contribute to strengthening Dubai’s place as a world heart for innovation and commerce.”

He continued: “The partnership with DP World demonstrates our dedication to offering one of the best options and providers that meet the wants of the market and contribute to the belief of our imaginative and prescient sooner or later. We attempt to realize sustainable successes that may contribute to financial growth and improve Dubai’s place on the world stage.”

The promising challenge goals to double the realm of ​​the present market from 2.8 million sq. toes to twenty million sq. toes, making it eight instances its present dimension. The market can be developed into an built-in world heart that gives superior and modern providers within the automotive area.

It’s anticipated that this quantity will double throughout the subsequent part on account of a big growth of the infrastructure and the providers offered will strengthen entry and commerce with a big group of nations and financial locations. It is going to additionally strengthen its place as a world market for gentle car buying and selling, traditional and luxurious automobiles, and spare elements buying and selling, in addition to offering ample area for showrooms, warehouses, and multi-purpose parking heaps. mare with the most recent. requirements and specs, in addition to gentle industries associated to the commerce of automobiles, and the enterprise of assembling and modifying automobiles.

The market will embody many important services, resembling customs inspection, workers housing, leisure services and others, making it built-in when it comes to infrastructure, services and providers.

The Dubai Auto Market challenge is among the strategic tasks that may contribute to reaching Dubai’s future imaginative and prescient.

The brand new challenge represents a step in the direction of reaching the Dubai Financial Agenda (D33) by selling innovation and commerce, and demonstrates Dubai’s dedication to offering the – construction and one of the best providers to assist the native and world economic system, as a result of it’ll work to supply a set of built-in. providers together with shopping for, promoting and reserving, in addition to modern banking and logistics providers.

Dubai Automotive Market:

• Doubling its space from 2.8 million sq. toes to twenty million sq. toes.

• World marketplace for automotive buying and selling, together with traditional and luxurious vehicles, and spare elements buying and selling.

• Enough area of showrooms, warehouses, and multi-storey automotive parks with the most recent requirements and specs.

• It is going to embody gentle industries associated to car buying and selling and car meeting and modification business.

• It is going to embody many very important services, resembling customs inspection, workers housing, leisure services, and others.

• Internet hosting main occasions and specialised conferences in the whole lot associated to the world of vehicles, and creating the market into a world vacation spot for automotive lovers.

• Gives complete procurement options that embody e-commerce and commerce finance.

Mohamed Ben Rached:

. Right now we ordered the present space of ​​the Dubai Auto Market to be multiplied eightfold to achieve 20 million sq. toes.

. The brand new market can be a world heart for industrial providers, utilities, logistics options, gentle industries, and financing for this essential sector.

. Working to attach the market with 77 ports worldwide managed by DP World, to extend its capability and double the present gross sales.

Maktoum bin Mohammed:

. The imaginative and prescient and pointers of His Highness Sheikh Mohammed bin Rashid Al Maktoum are the idea from which the event course of in Dubai begins.

. Accelerating the tempo to realize the targets of the Dubai Financial Agenda (D33), which goals to double the scale of the emirate’s economic system and remodel it into one of many high three financial cities by 2033.