Dubai's Parkin aims to expand in malls, airports, and new development areas.

Photo: Virendra Saklani/Gulf News

Parkin's Strategic Expansion: Pioneering Into Private Developments with Technological Advancements

Ahmed Hashem Bahrozyan, Chairman of Parkin’s Board of Directors, has outlined the company's ambitious plans to extend its services into privately owned developments, encompassing shopping malls and airports. Emphasizing their 30 years of experience and robust solutions, Bahrozyan stressed Parkin's right to compete for parking services within various private developments.

Having transitioned into a PJSC in January, Parkin holds a substantial 49-year concession agreement with RTA, empowering it to oversee all public parking facilities in Dubai. Currently managing 179,000 paid public parking spaces, the company also administers 18,000 spaces through contracts with private developers, with prospects for further expansion.

Bahrozyan clarified that the decision to introduce paid services in malls ultimately lies with property developers. Parkin's CEO, Mohammed Al Ali, highlighted the active exploration of opportunities to broaden agreements with private developers, particularly focusing on shopping malls, where Parkin already manages a significant 91% of parking operations in Dubai.

Al Ali underscored Parkin's dedication to advancing mobility solutions through cutting-edge technology and a robust digital infrastructure. He emphasized the company's commitment to delivering seamless, sustainable, and innovative mobility services to elevate every journey in Dubai to a world-class experience.

Highlighting the digital nature of Parkin's transactions, Al Ali noted that 90% are conducted digitally through six payment channels, including parking meters, RTA App, AppClip, WhatsApp, seasonal parking cards, and SMS. The company employs digital surveillance, smart parking inspection, and AI tools for estimating parking availability, catering especially to electric vehicle customers and People of Determination.

In terms of tariff adjustments, Parkin holds the prerogative to request RTA for new parking facilities and submit tariff adjustments every two years to address inflation impacts. The Executive Council of Dubai retains the authority to approve tariff changes, ensuring alignment with social goals and establishing a fair framework for customers.

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