Dubai’s Parking Handover: RTA Entrusts ‘Parkin’ PJSC with Key Operational Duties

Law No. (30) of 2023 establishing Parkin PJSC

The Dubai Government has recently enacted Law No. (30) of 2023, formally establishing ‘Parkin’ as a public joint stock company (PJSC) entrusted with the supervision of parking facilities in Dubai. The newly designated Parkin PJSC is now responsible for the strategic planning, design, permit issuance, and overall management of both public and private parking areas, as well as collect fees and fines using electronic tools or systems in compliance with the Emirate’s regulations.

Jurisdiction over these matters was previously held by the Road Transport Authority (RTA) of Dubai. While the Dubai Government is legally mandated to retain full ownership of Parkin PJSC’s capital, it has the option to transfer a maximum of 40% of its shares to either the private or public sector. This change in control signifies a notable shift towards increased private sector participation.

Additional Objectives of Parkin PJSC

According to the published Articles of Association of Parkin PJSC, these are the following objectives of the company, beyond those mandated by law:

• Establishing and operating electric vehicle charging stations in public and private parking lots;
• Investing in various parking facilities types in line with the Dubai legislation;
• Investing in smart applications, solutions, and AI systems for parking management; and
• Exploring manufacturing related to public and private parking management.

Potential private sector involvement in parking management may open doors for investment in innovative and specialized infrastructure upgrades, as well as better integration of advanced technologies in view of Dubai’s vision to have 25% of all transportation in the Emirate to be autonomous by 2030.

How can we help?

Our Transport & Logistics team has extensive experience in the UAE with regards to advising clients on the latest regulations regarding vehicular electric charging stations and parking matters.

In addition, we have rights of audience before the courts across in Bahrain, Egypt, Iraq, Jordan, Kuwait, Morocco, Oman, Qatar, Saudi Arabia, and UAE, as well as local insights have enabled us to represent clients in complex local and multi-jurisdictional claims, defences, and commercial transactions. For further information on this sector or for any inquiries for assistance, please contact our Transport and Logistics team.