Dubai – Mubasher: Parkin Company has entered into a memorandum of understanding (MoU) with Batic Investments and Logistics Company to bolster smart city parking solutions Across Saudi Arabia.
The two entities will combine Parkin's operational capabilities with the extensive local public parking network managed by Smart City Solutions Company (SCSC), a Batic subsidiary, according to a press release.
They will also assess opportunities to expand paid parking services in the Saudi market, teaming up with municipalities, real estate developers, operators of shopping centres, hotels, and other venues.
Mohamed Abdulla Al Ali, CEO of Parkin, commented: “By combining our operational excellence, cutting-edge technology and industry know-how with BATIC's strong presence, the partnership is poised to deliver innovative, scalable, customer-focused parking solutions that stand to benefit both residents and visitors to the Kingdom, supporting economic growth,” the CEO added.
Last June, Parkin Company joined forces with a private developer to offer parking services at new six key locations in Dubai, including nearly 7,500 new private developer-owned parking spaces.
