6 Hrs
Source:
الاقتصادية
Barkun Launches in Egypt with 20,000 Parking Spots
Emirati company "Parken" intends to enter the Egyptian market by establishing between 17,000 and 20,000 parking spaces in the initial phase, as part of its expansion plans outside the UAE. The company is currently studying various business models, including investments in multi-story parking facilities, partnerships, and franchising agreements, while assessing suitable locations and operational and technological requirements. Additionally, they will conduct field studies to evaluate demand and infrastructure, with a focus on integrating existing technology and digital platforms in Egypt, aiming to develop smart parking management solutions and vehicle flow organization. This move marks "Parken's" first expansion into the Egyptian market, with the potential to extend into other markets later, depending on the success of the project.
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