Riyadh - Sharikat Mubasher: Parkin, a leading provider of paid parking services in Dubai, is exploring opportunities to operate parking facilities in Saudi Arabia as part of its expansion strategy beyond the UAE, according to CEO Mohamed Al Ali.

To fuel this expansion, Parkin signed various agreements with strategic partners in Saudi Arabia, including BATIC Investments and Logistics Company, Al Ali stated in an interview with Alarabiya.

He noted that the company’s revenues rose by 30% during the fourth quarter (Q4) of 2024, driven by various factors, notably the surge in public parking revenues, the rise in seasonal voucher sales, and improved implementation revenues.

Al Ali further affirmed that Parkin invests significantly in technology to provide customers with seamless experiences.

With a track record spanning almost 3 decades, Parkin operates technologically advanced and digitally enabled parking facilities and services at extensive and strategic locations across Dubai, providing an exceptional customer experience.