Dubai’s Parkin Plans Expansion into Saudi Arabia Through BATIC Partnership

17 Dec, 2024

Dubai-based parking solutions provider, Parkin, is making a significant move to expand internationally, marking its entry into the Saudi Arabian market through a strategic partnership with BATIC Investment and Logistics Company, a leading Saudi-listed entity. This collaboration is an important milestone in Parkin’s global expansion strategy, allowing the company to tap into BATIC’s extensive network of public parking through its subsidiary, SCSC. As the largest paid public parking provider in Saudi Arabia, SCSC manages urban mobility through a comprehensive parking solution that includes municipality, real estate projects, shopping malls, hotels, and more.

The primary focus of this partnership is to drive the digital transformation of parking systems in Saudi Arabia. The collaboration will leverage cutting-edge technologies, including AI, smart sensors, digital gates, and high-definition cameras, to streamline the parking process and reduce traffic congestion. These advancements are expected to enhance the user experience and align with the global movement toward smart city infrastructure, improving parking efficiency and overall urban mobility.

BATIC’s expertise in logistics, transportation, parking, and real estate makes it an ideal partner for Parkin’s expansion efforts. The company currently oversees a portfolio of 195,000 parking spaces across five major cities in Saudi Arabia. With its established infrastructure and local market knowledge, BATIC provides a solid foundation for the success of this partnership.

Parkin’s entry into the Saudi market also supports the kingdom’s ambitious urban development goals, aligning with the growing demand for innovative parking solutions. By working with local partners, Parkin aims to contribute to Saudi Arabia’s vision of using advanced technologies to elevate urban living standards, creating a seamless and tech-forward parking ecosystem that meets the needs of residents and businesses.

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