Parkin Signs Memorandum of Understanding to Explore Parking and Smart Mobility Solutions in Egypt
Umer Jamshaid
Published August 19, 2026 | 04:00 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM – 19th Aug, 2026) Parkin Company PJSC has signed a Memorandum of Understanding (MoU) with Modon Misr for Asset & Facility Management, Mwasalat Misr, and Redcon Properties to explore collaboration opportunities in developing parking management and smart mobility solutions in the Arab Republic of Egypt. This marks Parkin’s debut in the Egyptian market.
Under the MoU, the parties will consider joint initiatives and integration areas that align with their objectives, contributing to advanced parking management and mobility solutions. The agreement aims to unlock collaboration possibilities in Egypt by leveraging Parkin’s expertise in smart parking, public parking, and multi-storey car parks. Key focus areas include:
- Planning and development
- Parking policies
- Demand management strategies
- Technology-enabled mobility solutions
This partnership seeks to enhance operational efficiency, improve customer experience, and cater to present and future mobility needs.
Specific collaboration points encompass:
- Implementing Parkin’s smart parking solutions and technologies across Egyptian assets managed by the parties, including Automatic Number Plate Recognition (ANPR), AI-enabled parking cameras, barrierless parking solutions, digital permits, and parking management platforms.
Eng. Mohamed Abdulla Al Ali, CEO of Parkin, expressed his enthusiasm:
"This MoU signifies a pivotal moment in Parkin’s growth and regional expansion journey, marking our entry into the Egyptian market and opening doors for deploying our operational and technological expertise while expanding the reach of our parking management and smart mobility solutions."
He added, "We’re eager to collaborate with our partners in the Arab Republic of Egypt to explore how Parkin’s operational and technological know-how and innovative solutions can contribute to meeting evolving needs and driving sustainable urban development in Egypt."
Mohamed Aboutaleb, Chief Executive Officer of Modon Misr for Asset & Facility Management, highlighted the partnership’s significance:
"This collaboration represents a crucial step toward advancing parking and mobility in Egypt as the country experiences rapid urban growth and the development of new cities and communities. By joining forces, we aim to combine Parkin’s international expertise with our local market knowledge to craft smart, tailored solutions aligning with Egypt’s aspirations for the future."
