Dubai’s Parkin and SCSC will seek collaborations with municipalities, real estate developers, shopping centres, hotels, and other venues.
Parkin Company Partners with BATIC to Revolutionize Paid Parking in Saudi Arabia
Parkin Company PJSC, the leading provider of paid public parking services in Dubai, has signed a memorandum of understanding (MoU) with BATIC Investment and Logistics Company, a prominent Saudi Arabian conglomerate listed on the Saudi Exchange. BATIC has diverse investments across logistics, transportation, real estate, security services, cash solutions, and facilities management.
A Strategic Collaboration for Growth
This partnership aims to merge Parkin’s expertise in operational excellence with the extensive parking network of Smart City Solutions Co. (SCSC), a subsidiary of BATIC and the largest paid public parking operator in Saudi Arabia.
The collaboration will focus on implementing advanced digital technologies to optimize traffic flow and elevate user experience. This MoU marks a significant step in Parkin’s international expansion strategy, aligning seamlessly with BATIC’s goal of advancing smart city initiatives under Saudi Vision 2030.
Shared Goals and Technology Innovations
During a recent visit by Parkin’s CEO to BATIC’s Riyadh headquarters, both companies outlined their vision for this partnership. The MoU sets the foundation for exploring potential synergies and strategic collaborations, specifically targeting SCSC.
Together, they aim to expand paid parking services across Saudi Arabia by partnering with municipalities, real estate developers, and operators of shopping malls, hotels, and other key venues. The partnership will emphasize leveraging cutting-edge technologies like AI, real-time data analysis, digital gates, sensors, and smart cameras. These innovations will streamline parking operations, reduce congestion, and provide a seamless experience for end-users.
Supporting Saudi Vision 2030
The partnership aligns with Saudi Vision 2030’s objectives to enhance urban mobility and adopt innovative smart city solutions. By combining Parkin’s expertise in Dubai’s parking infrastructure with BATIC’s strong local presence, the collaboration will support economic growth and greater mobility within the Kingdom.
Statements from Leadership
Eng. Mohamed Abdulla Al Ali, CEO of Parkin, emphasized the importance of this alliance:
“As the leading public paid parking provider in the MENA region, this partnership with BATIC represents a pivotal milestone. It underscores our commitment to international expansion beyond Dubai and our shared vision for enhancing seamless mobility. By integrating cutting-edge technology and operational expertise, we aim to deliver scalable and customer-focused parking solutions that will benefit residents and visitors alike.”
Eng. Mohammed Alzamil, Managing Director and Group CEO of BATIC, added:
“This landmark partnership unites two market leaders with complementary expertise and technology. By collaborating with Parkin, the foremost parking operator in the UAE, we can optimize parking services across our extensive portfolio of 195,000 spaces in five Saudi cities. This partnership reflects our dedication to reducing congestion, enhancing efficiency, and improving the customer journey, all while aligning with the aspirations of Saudi Vision 2030.”
A Future of Seamless Parking Solutions
This partnership represents a bold step forward for both companies, paving the way for innovative parking solutions that are technologically advanced, efficient, and customer-centric. By joining forces, Parkin and BATIC are set to redefine the public parking landscape in Saudi Arabia, creating a blueprint for smart urban mobility throughout the region.
