Salik Firm PJSC (“Salik” or the “Firm”), Dubai’s unique toll gate operator, declares it has partnered with Parkonic, the UAE’s largest non-public sector parking operator, recognized for its cutting-edge AI-powered free-flow parking methods. The collaboration goals to boost parking fee experiences throughout the UAE by integrating Salik’s superior eWallet system. The partnership is predicated on a five-year contract, throughout which Parkonic will combine Salik’s eWallet into the 107 areas it operates and some other future areas it might function within the UAE. The settlement additionally marks the primary time Salik has expanded its service providing outdoors of the Emirate of Dubai.
Beneath the phrases of the settlement, Parkonic will promote Salik as the popular fee channel for its prospects in any respect present and future areas, using Salik’s functionality of offering a seamless and handy fee choice for paid parking. For offering the eWallet companies, Parkonic can pay Salik a share of their share of parking income generated via the Salik eWallet. The answer is predicted to be obtainable for Parkonic’s c.135,000 parking areas through the first quarter of 2025.
Ibrahim Sultan Al Haddad, Chief Govt Officer of Salik, stated: “Our strategic partnership with Parkonic will facilitate superior parking fee options throughout roughly 135,000 areas and 107 areas within the UAE, and marks the primary time Salik has expanded past the Emirate of Dubai.
Not solely will this bolster the UAE’s sensible metropolis infrastructure, enabling simple, safe and fast entry to parking companies throughout the nation, nevertheless it additional accelerates the expansion of Salik’s ancillary revenues, a key part of our company technique, with seamless parking options an vital step in leveraging our distinctive know-how platform past the core tolling enterprise. This partnership additional demonstrates Salik’s dedication to proceed constructing on the success of its parking fee options as a key driver of ancillary income development”
Imad Alameddine, Chief Govt Officer of Parkonic, commented: “Each Parkonic and Salik share a dedication to innovation and excellence, and this partnership is a testomony to our imaginative and prescient for a wiser, extra related UAE. By aligning our applied sciences and experience, we’re setting a brand new benchmark for comfort, effectivity, and sustainability within the area.
This collaboration is not only about creating higher mobility options—it’s about empowering communities, enhancing city residing, and taking a component within the UAE’s ambition to develop into a world chief in sensible metropolis initiatives. This partnership is a shining instance of how collaboration between business leaders can drive innovation and form the cities of tomorrow. Parkonic’s plans to boost AI and combine block chain spotlight its dedication to remodeling city mobility. By leveraging these applied sciences, it’s fixing at present’s parking points whereas paving the way in which for smarter cities.”
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