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

Dubai's public parking operator, Parkin, has announced plans to expand its services into Bahrain and Egypt, marking a significant milestone in the company's regional growth strategy. The company has formed partnerships with Bahrain's Car Parks Company (Amakin) and Egypt's Modon Misr for Asset & Facility Management, Mwasalat Misr, and Redcon Properties.

Parkin CEO Mohamed Al Ali emphasized that these collaborations will leverage the company's complementary technologies and digital platforms to deliver a seamless customer experience and unlock future growth opportunities across the GCC and beyond. Since its inception in January 2024, Parkin has been actively expanding its operations beyond Dubai, with recent partnerships including a five-year agreement with Damac Properties in Abu Dhabi and a joint venture with Arada in Sharjah.

Parkin currently manages 268,300 paid parking spaces across Dubai, with a 27% year-on-year increase in its parking spaces. The company's focus on technological advancements, including cameras and equipment, has positioned it as a key player in the market, providing not only operations but also advanced technology solutions.

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