Abu Dhabi: Abu Dhabi developer Aldar said yesterday that the first phase of its Motor World project, which comprises 100 showrooms, is on target to begin in April, with more than 75 per cent of the 100 showrooms now leased.
Motor World has entered agreements with a number of the leading UAE car dealerships including Al Futtaim Automotive which will soon begin construction of their 48,000 square metre flagship showroom offering Toyota, Lexus, Honda, Chrysler, Jeep, Dodge and Volvo models.
Aldar is also in negotiations with other leading dealerships in the UAE and an MoU has been signed with the Emirates Driving Company to open a driving institute at Motor World.
Designed as a one-stop shop for car buyers, Motor World will soon provide all related services, Aldar said. The project is located close to Abu Dhabi International Airport, making it accessible to consumers from Abu Dhabi, Al Ain and Dubai.
Boost for market
"Combining all motor vehicle related services in one modern, well-equipped location, Motor World will be a boost for the under-developed Abu Dhabi car market.
"With demand for new and used cars set to grow as the market matures, the industry needs a modern home that meets the standards expected by today's consumer," Mohammad Al Mubarak, Deputy CEO and Chief Commercial Officer of Aldar Properties, said.
"Motor World is another example of the diversity of our strategic development work to support the physical and economic development of Abu Dhabi."
Monzer Al Rifai, General Manager of Motor World, said: "We are looking forward to opening our doors in April. Three quarters of the Phase 1 showrooms have been taken by Abu Dhabi's used car dealerships.
"Meanwhile, the UAE's leading new car retailers are showing strong interest in being part of the development. Preparations are also under way for Phase 2, a further 100 showrooms, which will be initiated to meet market demand."
