Salik Company is partnering Parkonic, the UAE’s largest private sector parking operator, giving anyone with a Salik eWallet access to the 107 premium Parkonic location across the UAE, including Abu Dhabi and Sharjah.
It will mark the first time Salik’s technology will be deployed outside of the Emirate of Dubai.
Parkonic’s 135,000 parking spaces include WTC, Sheikh Shakbout Medical City, Marsa Al Bateen, Shams Butik and other in Abu Dhabi and places like Al Qasbah, Heart of Sharjah, Expo Centre and Majaz Park in Sharjah, according to a statement by the Dubai Media Office.
The collaboration aims to enhance parking payment experiences across the UAE by integrating Salik’s advanced eWallet system. Parkonic is known for its cutting-edge AI-powered free-flow parking systems.
The partnership is based on a five-year contract, during which Parkonic will integrate Salik’s eWallet into the locations it operates and any other future locations it may operate in the UAE. Parkonic will promote Salik as the preferred payment channel for its customers at all current and future locations. The partnership will be rolled out during the first quarter of 2025.
Salik will receive a percentage of the share of parking revenue for providing the eWallet services.
Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, commented: “Our strategic partnership with Parkonic will facilitate advanced parking payment solutions across approximately 135,000 spaces and 107 locations in the UAE, and marks the first time Salik has expanded beyond the Emirate of Dubai.
“Not only will this bolster the UAE’s smart city infrastructure, enabling easy, secure and quick access to parking services across the country, but it further accelerates the growth of Salik’s ancillary revenues, a key component of our corporate strategy, with seamless parking solutions an important step in leveraging our unique technology platform beyond the core tolling business.
“This partnership further demonstrates Salik’s commitment to continue building on the success of its parking payment solutions as a key driver of ancillary revenue growth”
Imad Alameddine, Chief Executive Officer of Parkonic, added: “Both Parkonic and Salik share a commitment to innovation and excellence, and this partnership is a testament to our vision for a smarter, more connected UAE. By aligning our technologies and expertise, we are setting a new benchmark for convenience, efficiency, and sustainability in the region.
“This collaboration is not just about creating better mobility solutions—it’s about empowering communities, enhancing urban living, and taking a part in the UAE’s ambition to become a global leader in smart city initiatives. This partnership is a shining example of how collaboration between industry leaders can drive innovation and shape the cities of tomorrow.
“Parkonic’s plans to enhance AI and integrate blockchain highlight its commitment to transforming urban mobility. By leveraging these technologies, it is solving today’s parking issues while paving the way for smarter cities.”
Founded in 2018, Parkonic uses AI-powered free-flow parking systems, real-time parking analytics, dynamic pricing, and space-sharing solutions. Recently, Parkonic expanded its operations to The Kingdom of Saudi Arabia, Qatar, and Egypt.
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