- Business
- Parkin Company PJSC (PARKIN.AE), Dubai's exclusive operator of paid public parking under a 49-year concession agreement with the Roads and Transport Authority, manages approximately 206,400 paid parking spaces including 184,000 public on-street and off-street spaces, 3,200 spaces in six multi-storey car parks, and 19,200 developer-owned spaces across 14 communities; it offers core services such as pay-per-use and subscription parking management, space reservation and rental, enforcement, VIP parking, seasonal cards and permits, value-added permits for valet and car cleaning, EV charging solutions at mobility hubs, and commercial retail space leasing beneath multi-storey facilities. Founded in 1995 and headquartered in Dubai, United Arab Emirates, the company serves residents, visitors, and businesses exclusively within the Emirate through a fully digitized, cashless platform supporting SMS, WhatsApp, mobile app, Apple Pay, NOL card, and credit/debit payments, underpinned by AI-driven inspection tools, smart scan vehicles, barrierless ticketless entry at select sites, and 100% solar-powered meters. Recent developments include portfolio expansion via contracts adding 7,500 spaces from a major developer and 1,100 from Emaar in Dubai Hills Estate in 2024, a seamless parking access agreement with Majid Al Futtaim for two flagship Dubai malls commencing early 2025, a public-private partnership for a new multi-storey car park at Al Sabkha, strategic MoUs for EV charging with DEWA and e&, vertiport parking with Skyports, traffic solutions with SAAED, and international growth exploration with BATIC, alongside a record-breaking IPO on the Dubai Financial Market in March 2024 and net-zero operations commitment by 2050.