Parkin Company PJSC, the largest provider of paid public parking facilities in Dubai, has signed a Memorandum of Understanding (MoU) with Saaed for Traffic Systems LLC, the leading traffic safety and management solutions provider in the UAE.
This strategic agreement marks a significant collaboration aimed at improving transport and mobility infrastructure across both public and private sectors in the region.
The partnership combines Parkin’s extensive public parking expertise with Saaed’s advanced technologies, which include facial recognition, video analytics, and robotics for traffic regulation and incident management. Together, they aim to enhance the efficiency of parking and traffic operations, particularly during major events.
The MoU was signed at GITEX in Dubai, in the presence of H.E. Brigadier Engineer Hussain Ahmed AlHarthi, Chairman of the Board of Saaed. Eng. Mohamed Abdulla Al Ali, CEO of Parkin, expressed excitement about the collaboration, stating,
“This partnership will unlock new opportunities for our growth while supporting the social and economic development of the region.”
Eng. Ibrahim Ramel, CEO of Saaed, emphasized the significance of the alliance in the context of Dubai’s ambitious expansion plans, noting that the combined expertise of both companies will provide innovative and secure transport solutions, enhancing connectivity across the UAE.
This collaboration not only aims to enhance parking and traffic management but also reflects both companies’ commitment to fostering sustainable urban mobility solutions, aligning with Dubai’s vision for future development.
News Source: Dubai Media Office
