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Parkin Co Enters Abu Dhabi Parking Market via Five-year Deal with Damac

MT Newswires·12/11/2025 10:44:44
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10:44 AM EST, 12/11/2025 (MT Newswires) -- Parkin Co (DFM:PARKIN) marked its foray into the Abu Dhabi parking market through a five-year agreement with real estate developer Damac Properties, according to a Thursday release. Under the deal, the Emirati company will operate 500 on-street parking spaces in Damac Hills 1 and 2,700 spaces across 44 residential and commercial towers at Damac's high-profile locations in Dubai and Abu Dhabi. Work under the contract will start in the first quarter of 2026.