Expands geographically for the first time beyond the Emirate of Dubai
Salik Company, Dubai’s exclusive toll gate operator, announced that it has partnered with Parkonic, the UAE’s largest private sector parking operator, known for its cutting-edge AI-powered free-flow parking systems.
The collaboration aims to enhance parking payment experiences across the UAE by integrating Salik’s advanced eWallet system.
The partnership is based on a five-year contract, during which Parkonic will integrate Salik’s eWallet into the 107 locations it operates and any other future locations it may operate in the UAE. The agreement also marks the first time Salik has expanded its service offering outside of the Emirate of Dubai.
Preferred payment channel
Under the terms of the agreement, Parkonic will promote Salik as the preferred payment channel for its customers at all current and future locations, utilizing Salik’s capability of providing a seamless and convenient payment option for paid parking.
For providing the wallet services, Parkonic will pay Salik a percentage of their share of parking revenue generated through the Salik eWallet.
“This partnership further demonstrates Salik’s commitment to continue building on the success of its parking payment solutions as a key driver of ancillary revenue growth,” commented Ibrahim Sultan Al Haddad, Chief Executive Officer, Salik.
“This partnership is a shining example of how collaboration between industry leaders can drive innovation and shape the cities of tomorrow. Parkonic’s plans to enhance AI and integrate block chain highlight its commitment to transforming urban mobility,” remarked Imad Alameddine, Chief Executive Officer, Parkonic.
