- Merak Capital has announced a SAR 100 million investment in Arsann, a Saudi company specializing in smart parking operations.
- The investment aims to enhance Arsann’s technological and data infrastructure and support its participation in Saudi giga projects.
- Currently, Arsann operates over 270 active parking sites and manages more than 10 million vehicle parking transactions across the Kingdom.
In a move to accelerate digital transformation in Saudi Arabia’s mobility sector, Merak Capital announced a SAR 100 million investment in Arsann, a leading company specializing in smart parking management and digital mobility infrastructure.
The investment reflects a shared vision between both parties to develop innovative solutions that enhance urban mobility experiences and advance the shift toward a more efficient and sustainable transportation ecosystem in the Kingdom.
With this funding, Arsann plans to strengthen its technical and data capabilities in preparation for participation in major national giga projects and large-scale events, such as NEOM, Qiddiya, and the Red Sea projects.
The company also aims to expand its operations across municipal parking networks through AI- and IoT-powered systems that monitor traffic flow and identify available parking spaces in real time — reducing congestion and improving urban mobility efficiency.
العربية (Arabic) To read the article in Arabic, click here
