Dubai, UAE,August 2026: Q Mobility, the leading operator of public parking in the Emirate of Abu Dhabi, and Parkin Company PJSC, the largest provider of public parking facilities and services in Dubai, have signed a strategic Memorandum of Understanding (MoU) to strengthen collaboration on smart parking solutions and enhance digital integration between the parking ecosystems of the two emirates. The MoU will support sustainable urban mobility and reinforce the UAE’s position at the forefront of smart mobility adoption. The agreement holds particular strategic significance as it brings together the largest public parking operators in Abu Dhabi and Dubai, establishing a pioneering partnership focused on aligning efforts, exchanging expertise, leveraging global best practices and developing innovative solutions. These initiatives will enhance the efficiency of parking management and operations, strengthen integration across mobility ecosystems and support the development of smarter and more sustainable cities. Under the MoU, the two organisations will develop a roadmap for joint initiatives and explore opportunities to implement pilot projects using the latest parking management and operational technologies. This will include the use of artificial intelligence, data analytics and advanced digital solutions to optimise occupancy management, forecast demand and enhance operational efficiency and service quality.  The two organisations will also collaborate on integrating their systems and digital platforms to provide customers and visitors with a unified, secure and seamless digital experience. This will enable access to parking services and the payment of parking fees through integrated digital channels, improving service efficiency and ease of use. Further areas of collaboration include assessing mechanisms for exchanging data and technical expertise in accordance with applicable legislation, regulations and data-protection requirements. The organisations will also explore innovative parking management solutions, strengthen governance, optimise the use of infrastructure and support the readiness and sustainability of parking facilities. Mohamed Husain Karmastaji, Chief Executive Officer of Q Mobility, said: “Our collaboration with Parkin reflects a shared ambition to advance smarter, more connected and customer-centric mobility solutions across Abu Dhabi and Dubai. Through this MoU, we are establishing a framework to explore opportunities that enhance the parking experience, improve convenience for residents and visitors, and strengthen integration between our respective mobility ecosystems. At Q Mobility, we believe strategic collaboration is essential to shaping the future of urban mobility. By exploring innovative technologies, digital integration and data-driven solutions, this MoU supports the UAE’s vision for smarter, more sustainable cities while creating long-term value for our customers and stakeholders.” Eng. Mohamed Abdulla Al Ali, Chief Executive Officer of Parkin, commented: “This agreement represents a strategic milestone in the development of the UAE’s parking sector, bringing together the largest public parking operators in Abu Dhabi and Dubai. It will enable us to combine our expertise and capabilities to develop an integrated and pioneering model for smart parking management and operations. At Parkin, we believe parking is no longer an operational service, but an integral part of the urban mobility ecosystem. Through this collaboration, we will continue to advance our vision of transforming parking into an intelligent platform powered by data, artificial intelligence and digital innovation. This will enhance infrastructure efficiency, elevate the customer experience and create sustainable value for society and the economy.” |
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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 Q Mobility: Q Mobility is a leading smart mobility company focused on delivering sustainable and integrated mobility solutions that enhance the efficiency, reliability, and convenience of transportation infrastructure, supporting Abu Dhabi’s vision for innovation and sustainable urban development. The company manages, operates, and develops Darb, Abu Dhabi’s road toll system, and Mawaqif, the emirate’s public parking system, helping to deliver a seamless and efficient mobility experience for residents and visitors. |
