Construction & Real Estate

Parkin Q2 net profit rises 12% to AED166.2 million

Dubai's exclusive public parking operator Parkin has announced a 14% jump in its total revenue for the second quarter which rose to AED364.1 million ($99 million), while its net profit for the three-month period was up 12% supported by growth in seasonal cards, developer parking and enforcement. ...

Construction & Real Estate

Q Mobility, Parkin to advance smart parking integration across Abu Dhabi, Dubai

Q Mobility, a leading operator of public parking in the Emirate of Abu Dhabi, and Parkin Company, the largest provider of public parking facilities and services in Dubai, have signed a memorandum of understanding (MoU) to strengthen collaboration on smart parking solutions and enhance digital integration between the parking ecosystems of the two emirates. ...

Construction & Real Estate

Parkin inks five-year parking management framework deal with Al Futtaim Group

Parkin Company, the largest provider of paid public parking facilities and services in Dubai, has signed a five-year Parking Management Framework Agreement with Al Futtaim Group to deliver parking regulation and enforcement services across key retail destinations in the emirate. ...

Construction & Real Estate

DP World, Parkin roll out smart parking system at key market

DP World has partnered with Parkin to roll out a smart parking system at the Al Aweer Central Fruit and Vegetable market, managing approximately 2,500 parking spaces for light vehicles and 500 trucks. ...