A new car market tailored for avid auto enthusiasts in Dubai is set to emerge following the signing of an agreement between Dubai Municipality and DP World to construct the world's largest car market on Thursday.

Under the guidance of Sheikh Mohammed bin Rashid Al Maktoum and the supervision of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the market will span an area of 20 million square feet. It will provide cutting-edge government and banking services and will be linked to international markets via DP World's extensive network. Additionally, it will serve as a venue for significant automotive events and specialized conferences.

The initiative is part of the Dubai Economic Agenda D33, aiming to double the emirate's economic size and position it among the top three economic cities by 2033. This goal will be achieved by expanding the market's capacity, boosting its sales, and integrating it with 77 global ports managed by DP World.