Parkin Company PJSC

With a unique blend of operational excellence, technological know-how and enforcement capability spanning almost three decades, Parkin Company PJSC is the largest provider of paid public parking facilities and services in the Emirate of Dubai, operating approximately 197k paid parking spaces with a 91% market leading share of the total public on-street and off-street paid parking sector.

Under a 49-year Concession Agreement with Dubai’s Road and Transport Authority (RTA), Parkin has the exclusive right to operate a portfolio of public on-street and off-street parking (175k spaces across 85 locations) as well as public multi-storey car parking facilities (4k spaces across 9 MSCP locations). Parkin also operates certain private developer-owned parking facilities through partnership agreements across the Emirate (18k spaces across 7 locations). Additional revenue streams include enforcement (1.3m fines issued, 99% collection rate), the issuance of permits / seasonal parking subscriptions (139k permits issued), parking reservations and other commercial activities.

By deploying state of the art digital payment solutions and intelligent parking management systems that utilise artificial intelligence and big data analysis, Parkin’s 3.6m unique customers successfully conducted 118m parking transactions during 2023, with a customer satisfaction rate of over 95%.

Dubai's parking operations were established in 1995 under the Dubai Municipality, before becoming part of the RTA in 2005. In December 2023, Parkin Company PJSC was established through the issuance of Law No. 30 of 2023, successfully completing its initial public offering (IPO) on the Dubai Financial Market in March 2024.

Note: all data points as at year end 2023, unless otherwise stated