Parkin Signs Five-Year Parking Management Framework Agreement with Al Futtaim Group

Dubai,May 2026: Parkin Company PJSC (“Parkin” or the “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.

Under the terms of the agreement, Parkin will oversee and manage the enforcement of People of Determination (POD) parking spaces across Dubai Festival City Mall, Festival Plaza, and Arabian Center. The initiative covers 61 POD parking spaces at Dubai Festival City Mall, 30 spaces at Festival Plaza, and 16 spaces at Arabian Center. The partnership will initially focus on enhancing compliance and ensuring the proper use of designated POD parking spaces across these locations. This collaboration forms part of Parkin’s continued expansion within the private sector, further strengthening its regulatory and enforcement service offering across Dubai’s commercial and retail destinations.

Under this agreement, Parkin will manage enforcement operations across all locations, including the issuance and validation of parking fines on the POD parkings and the handling of customer feedback and disputes, helping to streamline both retail centres operational efficiency. Insights gathered from on-ground operations will also be leveraged to enhance compliance and support the continuous improvement of the overall customer parking experience.

The agreement will be supported by the deployment of Parkin’s advanced parking systems, including the integration of License Plate Recognition (LPR) technology to enable accurate, real-time vehicle monitoring and enforcement. Parkin will be responsible for the installation, operation and ongoing maintenance of all systems across both locations, ensuring reliable performance through preventive and corrective measures.

Eng. Abdelrahman Alshuweihi, Director of Operations at Parkin, commented:

“Partnering with Al Futtaim reflects our commitment to combining retail and operational excellence with advanced enforcement capabilities to deliver an exceptional customer experience. Through the deployment of automated license plate recognition and structured oversight processes, Parkin will create a transparent and efficient parking environment that serves both visitors of Al Futtaim’s locations and the wider Dubai community.”

Hayssam Hajjar, Executive Director of Asset Management at Al Futtaim, said:

“Enhancing operational efficiency while elevating the customer experience across remains a core priority across our retail destination. Parking is a key part of the visitor journey, influencing both access and overall experience. Through our collaboration with Parkin, we are delivering a more seamless, technology-enabled experience that enhances how our customers interact with our destination.”

This partnership further expands Parkin’s presence within the private sector and supports the continued growth of its managed parking portfolio and reinforces the Company’s role in advancing smart mobility across Dubai.

About 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, with a portfolio of approximately 229k paid parking spaces, as at year end 2025.

Parkin has a dominant position in relation to Dubai’s on and off-street paid public parking market and a leading share of the overall paid parking market. Under a 49-year Concession Agreement with Dubai’s Roads and Transport Authority (RTA), Parkin has the exclusive right to operate a portfolio of public on and off-street parking (c.193k spaces) as well as public multi-storey car parking facilities (c.4k spaces). Parkin also operates certain developer-owned parking facilities through partnership agreements across the Emirate (c.32k spaces) and provides barrierless, ticketless parking on behalf of Majid Al Futtaim across two malls. Additional revenue streams include enforcement, the issuance of seasonal permits, 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 customers successfully conducted 141m parking transactions in 2025.

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.

About Festival Plaza:

Festival Plaza, Al-Futtaim Real Estate’s local lifestyle community mall, caters to residential areas including Jebel Ali, Al Furjan and Wasl Gate, as well as attracting visitors from Dubai Marina, Palm Jumeirah, Motor City and further afield.

Spanning 65,000 square metres, Festival Plaza offers a wide variety of retail, dining and lifestyle options including the largest IKEA store in the region, a concept store from Lulu Hypermarket and the premium Al-Futtaim Health clinics, HealthHub and Lutetia. Visitors to Festival Plaza can choose from more than 20 dining options offering international cuisines at the expansive food court.

Enhancing the community offering is the newly opened Battle Park paintballing facility, which joins the Volvo Mall studio, the Festival Plaza Design Hub for interior design, Kavak – the international pre-owned car platform now in the UAE – and Champs Festival Plaza, the UAE’s largest world-class indoor sporting and fitness complex.

Some 2,300 parking spaces ensure easy accessibility, while the mall offers several signature services such as a shuttle bus and a parents’ room.

About Al Futtaim Group:

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.

Structured into five operating divisions; automotive, financial services, real estate, retail, and health; employing more than 33,000 employees across more than 20 countries in the Middle East, Asia, and Africa, we partner with over 200 of the world’s most admired and innovative brands.

Al-Futtaim Group’s entrepreneurship and relentless customer focus enable the organisation to continue to grow and expand, responding to the changing needs of our customers within the societies in which we operate. By upholding our values of respect, excellence, collaboration, and integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers every day.