Parkin and Skyports to Develop UAE’s AAM Industry

Parkin Company, the largest provider of paid public parking facilities and services in Dubai, on Thursday said that it has signed a Memorandum of Understanding (MOU) with Skyports Infrastructure, the leader in the development and operation of vertiport infrastructure for the advanced air mobility (AAM) industry.

With a shared vision to drive increased adoption of electric and autonomous transportation, the partnership supports the objectives of Dubai’s Green Mobility Strategy and Smart Autonomous Mobility Strategy 2030.

AAM is a new transportation concept that uses electric take-off and landing (eVTOL) aircraft to quickly and efficiently transport people and cargo. This sustainable air transport solution aims to reduce road congestion and improve urban mobility by offering a faster and greener way to travel.

Vertiports are a critical ground infrastructure, from where air taxis take-off and land, passengers are processed and aircraft are recharged and maintained, Parkin said in a regulatory filing with Dubai Financial Market (DFM) this morning.

With this MOU, Parkin and Skyports will collaborate on the provision of parking facilities at applicable vertiport sites and explore opportunities to develop new air taxi infrastructure across Parkin’s network to support the expansion of air taxi services.

The agreement also brings together Parkin’s extensive parking network and technological capabilities with Skyports’ expertise in the development and operation of integrated air taxi infrastructure.

Access and parking at relevant vertiport sites will be facilitated by the implementation of Parkin’s market-leading capabilities in access control technologies, payment systems and enforcement, resulting in a seamless customer experience.

The strategic partnership reflects both Parkin and Skyports’ commitment to develop and implement new, multimodal transport technologies that will enable seamless mobility and greater connectivity for Dubai’s residents and visitors.

The MOU was signed by Parkin CEO Mohamed Abdulla Al Ali and Skyports CEODuncan Walker in the presence of Parkin Chairman Ahmed Bahrozyan.

Parkin’s Role in UAE’s Growth

Speaking on the occasion, Mohamed Abdulla Al Ali said that this partnership with Skyports is testament to Parkin’s market-leading capabilities, proven innovation track record and commitment to deliver on its growth strategy.

“Parkin has a systemic role in enabling mobility to support the expansion plans of the Emirate and utilising our extensive parking network, the implementation of Skyports’ vertiport infrastructure represents a significant opportunity to expand the capabilities of our platform. With a shared focus on multimodal transport technologies, this collaboration will enhance connectivity for both residents and visitors across our city, while at the same time supporting Dubai’s green mobility ambitions,” Al Ali said.

Duncan Walker said that as an exclusive provider of vertiport infrastructure in Dubai, their partnership with Parkin brings together two companies with highly complementary assets and operations.

“Access to Parkin’s comprehensive footprint will unlock opportunities to develop our vertiport infrastructure throughout the city, accelerating the adoption of integrated, multimodal transport solutions. Our joint commitment to developing new, sustainable technology solutions will facilitate an enhanced passenger experience and support adoption of air taxi services,” he added.

Under the terms of an exclusive 49-year agreement, the RTA has granted Parkin the exclusive rights to operate and manage paid public parking services across Dubai. This long-term partnership supports the shared goal of developing a safe, efficient, and high-quality mobility ecosystem across the Emirate.