04/11/2025 03:27 AST

DP World has partnered with Parkin to roll out a smart parking system at the Al Aweer Central Fruit and Vegetable market, managing approximately 2,500 parking spaces for light vehicles and 500 trucks.

The fully automated system will use licence plate recognition and real-time data to enable barrier-free access, reducing congestion, improving and streamlining high-volume movements for market traders and supply chain operators.

The initiative supports Dubai's Smart City agenda and plans to transform the site into the world's largest integrated food trading and logistics centre.

Abdulla Bin Damithan, CEO & Managing Director, DP World GCC, said: "Efficient logistics go far beyond the port gates to every link of the supply chain, from traffic flow and parking management to the movement goods and their timely delivery. In the perishables trade, every second counts. By partnering with Parkin, we will make operations at one of the region's busiest food hubs faster, smarter and more seamless."

Eng Mohamed Abdulla Al Ali, CEO of Parkin, added: "This strategic partnership with DP World allows us to bring our advanced, technology-driven parking solutions to one of Dubai's most important commercial hubs. By introducing seamless barrierless parking at Al Aweer Market, we aim to ease congestion, improve traffic flow and ensure more efficient use of parking space. This will directly benefit the thousands of traders, logistics providers and visitors who rely on the market each day, while supporting Dubai's wider Smart City ambitions."

Last year, Dubai Municipality and DP World signed an agreement to develop the world's largest logistics hub for trading foodstuffs, fruit and vegetables. The goal is to connect the zone to global markets and double the size of Dubai's current market - one of the largest wholesale fresh produce hubs in the Gulf.


Trade Arabia

Parkin signs deal with Binghatti to manage parking spaces

15/04/2026

Parkin Company, the largest provider of paid public parking in Dubai, will manage 1,200 spaces across selected Binghatti developments located in Jumeirah Village Circle, Al Jaddaf and Business Bay. <

Khaleej Times

Parkin Company records 47pc jump in its Q4 revenue for 2025

27/02/2026

Parkin Company, a leading provider of paid public parking facilities in Dubai, has reported a 47% jump in fourth-quarter revenue, supported by portfolio expansion, higher seasonal card sales and the

Trade Arabia

Parkin seals landmark 5-year agreement with Damac

14/12/2025

Parkin Company, a leading provider of paid public parking facilities and services in Dubai, has signed a landmark five-year agreement with Damac Properties, one of the UAE's leading real estate devel

Trade Arabia

Ticker Price Volume
PARKIN Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALPHADHABI 7.19 -0.04 (-0.56%)
MODON 2.98 -0.11 (-3.56%)
SALIK 5.70 0.18 (3.26%)
ADNOCLS 5.35 -0.09 (-1.66%)
AIRARABIA 4.77 0.12 (2.58%)
Parkin signs deal with Binghatti to manage parking spaces

15/04/2026

Parkin Company, the largest provider of paid public parking in Dubai, will manage 1,200 spaces across selected Binghatti developments located in Jumeirah Village Circle, Al Jaddaf and Business Bay. <

Khaleej Times

Asyad Shipping expands fleet with 3 new bulk carriers worth $209mn

15/04/2026

Asyad Shipping Company has taken delivery of three Newcastlemax dry bulk carriers as part of its ongoing fleet expansion strategy, the company said in a disclosure to the Muscat Stock Exchange.
<

Muscat Daily

Aramco Digital partners with Cumulocity to deliver industrial AIoT solutions

15/04/2026

Cumulocity, a global leader in industrial AIoT, has signed a strategic partnership agreement with Aramco Digital to expand the deployment of its enterprise-grade platform across the region.

Trade Arabia

AD Ports Group signs deal explore investment in key Romania port

15/04/2026

AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has signed a framework agreement with the National Company Maritime Ports Administration, the administrator of the

Trade Arabia

Aldar launches first phase of premium Abu Dhabi mid-rise community project

15/04/2026

Leading UAE developer Aldar has announced the launch of the first phase of Yas Park Place, a new residential community in the heart of Yas Island that introduces a distinctive garden-led living conce

Trade Arabia