Business
PRESSR: IACAD and Parkin sign first-of-its-kind partnership
PRESSR: IACAD and Parkin sign first-of-its-kind partnership
About this update from Parkin Co. Pjsc
The Islamic Affairs & Charitable Activities Department (“IACAD”), a government agency responsible for overseeing Islamic affairs, mosques and charitable activities has entered a strategic partnership with Parkin Company PJSC (“Parkin” or the “Company”), the largest provider of paid public parking facilities and services in Dubai.Key TakeawaysUnder phase one of the revenue sharing agreement, Parkin will operate and manage c.2.1k parking spaces across 59 sites in Dubai, on behalf of IACADParking will be provided free of charge to worshippers for a period of one hour during prayer timesThis partnership will contribute to expanding Parkin’s total private parking portfolio to c.20.8k spacesOperational rollout is targeted to commence in August 2025This landmark collaboration, the first of its kind between the Company and IACAD, will enhance access to mosques by ensuring fair and efficient use of mosque parking facilities for all visitors, especially during prayer time. The partnership aims to ease the challenge of finding parking during prayer, improve access to mosques at all times, and enhance the overall religious experience for worshippers across Dubai. In the future, there is potential to scale up this initiative to cover additional mosques that are part of IACAD’s portfolio.These parking spaces will be designated as Zone M (standard) or Zone MP (premium) and, outside prayer hours, will be chargeable 24 hours a day, seven days a week. During prayer time, mosque visitors will be able to park free of charge for up to one hour. Of the 59 sites, 41 will be located in zone M and 18 will in zone MP.H.E. Ahmed Darwish Al Muhairi, Director General of the Islamic Affairs and Charitable Activities Department in Dubai, affirmed that the partnership marks a significant step in enhancing cooperation between the government and semi-government sectors. It ushers in a new phase of mosque service improvements, enhancing the worshipper experience and elevating the quality of religious life across the emirate.Al Muhairi stated:“The signing of this agreement reflects our strong commitment to providing a comprehensive parking service around mosques, one that enhances the experience of worshippers during and beyond prayer times, while also supporting Dubai government’s vision of delivering smart, proactive mobility services that cater to the needs of all segments of society.”En...