Salik collaborates with Parkonic, the largest private parking operator in the UAE, and expands geographically for the first time beyond the Emirate of Dubai

Salik Company PJSC (“Salik” oregon the “Company”), Dubai’s exclusive toll gross operator, announces it has partnered with Parkonic, the UAE’s largest backstage assemblage parking operator, known for its cutting-edge AI-powered free-flow parking systems. The collaboration aims to heighten parking outgo experiences crossed the UAE by integrating Salik’s precocious eWallet system. The concern is based connected a five-year contract, during which Parkonic volition integrate Salik’s eWallet into the 107 locations it operates and immoderate different aboriginal locations it whitethorn run successful the UAE. The statement besides marks the archetypal clip Salik has expanded its work offering extracurricular of the Emirate of Dubai.

Under the presumption of the agreement, Parkonic volition beforehand Salik arsenic the preferred outgo transmission for its customers astatine each existent and aboriginal locations, utilizing Salik’s capableness of providing a seamless and convenient outgo enactment for paid parking. For providing the eWallet services, Parkonic volition wage Salik a percent of their stock of parking gross generated done the Salik eWallet. The solution is expected to beryllium disposable for Parkonic’s c.135,000 parking spaces during the archetypal 4th of 2025.

Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, said: “Our strategical concern with Parkonic volition facilitate precocious parking outgo solutions crossed astir 135,000 spaces and 107 locations successful the UAE, and marks the archetypal clip Salik has expanded beyond the Emirate of Dubai.

Not lone volition this bolster the UAE’s astute metropolis infrastructure, enabling easy, unafraid and speedy entree to parking services crossed the country, but it further accelerates the maturation of Salik’s ancillary revenues, a cardinal constituent of our firm strategy, with seamless parking solutions an important measurement successful leveraging our unsocial exertion level beyond the halfway tolling business. This concern further demonstrates Salik’s committedness to proceed gathering connected the occurrence of its parking outgo solutions arsenic a cardinal operator of ancillary gross growth”

Imad Alameddine, Chief Executive Officer of Parkonic, commented: “Both Parkonic and Salik stock a committedness to innovation and excellence, and this concern is simply a testament to our imaginativeness for a smarter, much connected UAE. By aligning our technologies and expertise, we are mounting a caller benchmark for convenience, efficiency, and sustainability successful the region.

This collaboration is not conscionable astir creating amended mobility solutions—it’s astir empowering communities, enhancing municipality living, and taking a portion successful the UAE’s ambition to go a planetary person successful astute metropolis initiatives. This concern is simply a shining illustration of however collaboration betwixt manufacture leaders tin thrust innovation and signifier the cities of tomorrow. Parkonic’s plans to heighten AI and integrate artifact concatenation item its committedness to transforming municipality mobility. By leveraging these technologies, it is solving today’s parking issues portion paving the mode for smarter cities.”

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