The collaboration will focus on implementing cutting-edge digital technologies
Dubai’s Parkin has entered into a memorandum of understanding (MoU) with BATIC Investment and Logistics Company, a Saudi Arabian conglomerate listed on the Saudi Exchange.
The partnership, which aligns with both companies’ growth ambitions, aims to reshape parking infrastructure in Saudi Arabia, integrating advanced digital technologies to enhance efficiency, ease of access, and customer experience.
Under the terms of the MoU, the two companies will explore opportunities to combine Parkin’s renowned operational expertise with Smart City Solutions Co (SCSC), a BATIC subsidiary and the largest paid public parking provider in Saudi Arabia.
Technology-driven solutions
The collaboration will focus on implementing cutting-edge digital technologies to improve traffic flow, simplify parking processes, and enhance the overall user experience.
Key components of the project include AI-driven systems, real-time data analytics, digital gates, smart sensors, and smart cameras – all designed to optimize parking space utilization, reduce congestion, and streamline operations.
Strategic growth
“By combining our operational excellence, cutting-edge technology, and industry expertise with BATIC’s strong Saudi presence, we are poised to deliver scalable, customer-centric parking solutions that will benefit residents and visitors alike, supporting economic growth in the kingdom,” remarked Engr. Mohamed Abdulla Al Ali, CEO, Parkin.
With an existing portfolio of 195,000 parking spaces across five cities, BATIC, through its subsidiary SCSC, manages one of the most extensive parking networks in the kingdom.
“Collaborating with Parkin enables us to optimize the delivery of parking services across our extensive asset base,” commented Engineer Mohammed Alzamil, MD and Group CEO, BATIC.
