Dubai's Parkin to expand into Bahrain and Egypt as network continues to grow

Dubai's public parking operator, Parkin, is set to expand its services into Bahrain and Egypt, as the network continues to grow. The company has formed a partnership with Bahrain's Car Parks Company (Amakin) and Egyptian firms Modon Misr for Asset & Facility Management, Mwasalat Misr, and Redcon Properties. This strategic expansion is seen as a significant milestone for Parkin, enabling them to bring their smart parking services to the Gulf Cooperation Council (GCC) region and beyond.

Parkin, established in January 2024 by the Dubai government, has been gradually extending its operations outside Dubai in recent months, with recent collaborations including a joint venture with Arada for smart parking at Aljada in Sharjah and a five-year partnership with Damac Properties to manage 3,600 paid parking spaces in residential communities across the UAE.

With 268,300 paid parking spaces currently under management in Dubai, Parkin's expansion into Bahrain and Egypt is expected to further solidify their position in the market and cater to the growing demand for smarter and more seamless parking services in the region.

Brief written by urgent.news from The National UAE's own syndicated text. Machine-written — may contain errors; check the original before relying on it.