Parkin Company, Dubai’s largest provider of paid public parking services, has signed a Memorandum of Understanding (MoU) with BATIC Investment and Logistics Company, a Saudi Arabian conglomerate listed on the Saudi Exchange. The agreement sets the stage for a strategic partnership to advance parking solutions in Saudi Arabia through cutting-edge digital technologies.
The collaboration will combine Parkin’s operational expertise with the extensive parking network managed by Smart City Solutions Co. (SCSC), a subsidiary of BATIC and Saudi Arabia’s largest paid public parking provider. The partnership seeks to enhance traffic flow and improve user experience, aligning with Saudi Vision 2030’s smart city initiatives.
The MoU outlines plans for both companies to evaluate potential synergies and explore opportunities for expanding paid parking services in Saudi Arabia. The focus will be on collaborating with municipalities, real estate developers, and operators of high-traffic venues such as shopping centres and hotels.
Key to the partnership is the adoption of advanced digital technologies, including artificial intelligence, real-time data analysis, smart sensors, digital gates and cameras. These innovations aim to simplify parking, optimise space utilisation, reduce congestion and create a seamless parking experience for users.
“As the largest public paid parking provider in the MENA region, the proposed technology-driven partnership between BATIC and Parkin is a significant milestone, underscoring our market-leading capabilities in the GCC, commitment to international growth outside the Emirate of Dubai and shared vision to continue enhancing seamless mobility,” said Eng. Mohamed Abdulla Al Ali, CEO of Parkin. “By combining our operational excellence, cutting-edge technology, and industry know-how with BATIC’s strong presence, the partnership is poised to deliver innovative, scalable, customer-focused parking solutions that stand to benefit both residents and visitors to the Kingdom, supporting economic growth.”
“This landmark partnership brings together two clear market leaders with complementary operations, technology, and expertise,” said Eng. Mohammed Alzamil, Managing Director and Group CEO of BATIC. “Collaborating with the pre-eminent parking operator in the UAE will enable us to optimise the delivery of parking services across our asset base, reducing congestion, driving efficiencies, and improving the overall customer journey. With an extensive parking portfolio of 195,000 parking spaces across five cities, we will achieve greater mobility in the Kingdom, aligned to the aspirations of Saudi Vision 2030.”
