Parkin expands beyond UAE with Bahrain push after Egypt entry
Dubai-listed parking operator signs second overseas MoU in less than a week
Dubai: Parkin Company PJSC has signed an agreement to explore smart parking and mobility opportunities in Bahrain, days after announcing its first entry into Egypt, extending its expansion drive beyond the UAE.
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Parkin, Dubai's largest provider of paid public parking facilities and services, said on Monday it signed a memorandum of understanding (MoU) with Bahrain Car Parks Company, known as Amakin.
The companies will assess integrating their digital platforms and potentially allowing customers to access and pay for parking across both networks through their respective mobile applications.
They will also examine mobility data to identify parking trends and develop data-driven services, while exploring joint business opportunities across the GCC and selected international markets.
The agreement remains exploratory. Parkin did not announce an investment, commercial contract or timeline for starting operations in Bahrain.
“Our partnership with Amakin represents a significant milestone in expanding our smart parking capabilities beyond Dubai, bringing together our complementary technologies and digital platforms to deliver a seamless customer experience and unlock future growth opportunities across the GCC and beyond,” Parkin CEO Eng. Mohamed Abdulla Al Ali said.
Amakin CEO Tariq Ali Aljowder said the partnership would examine measures including faster payment options and more accurate information on parking-space availability.
Expansion ramps up
Last week, Parkin signed a separate MoU with Modon Misr for Asset & Facility Management, Mwasalat Misr and Redcon Properties, marking its first move into the Egyptian market.
The Egypt agreement covers potential cooperation in smart parking, public parking and multi-storey car parks, including planning, parking policies, demand management and technology-enabled mobility services.
Technologies under consideration include automatic number plate recognition (ANPR), AI-enabled parking cameras, barrierless parking, digital permits and parking management platforms.
The parties will also assess the technical, operational and commercial models best suited to the Egyptian market.
The two agreements have different areas of focus. In Bahrain, Parkin is primarily considering integration with an existing parking operator's digital platforms, payments and data capabilities. In Egypt, it is examining the potential deployment of its parking-management systems across assets managed by its local partners.
No financial terms, investment commitments or expected revenue have been disclosed for either agreement.
