Parkin Company PJSC, Dubai's newly formed parking operator, has appointed Mohamed Al Ali as chief executive officer, effective January 11, 2024. The appointment came during the company's inaugural board meeting, chaired by Ahmed Hashem Bahrozyan, following Parkin's establishment as a public joint stock company in late December 2023.
Ahmed Hashem Bahrozyan, Chairman of Parkin, said the appointment represented "a momentous occasion" and described Al Ali as "a demonstrated leader with a clear vision for the future of the company underpinned by a commitment to innovation and excellence." Al Ali said he was "honoured to take over the company's duties, alongside the Board of Directors, building upon its three-decade-long track record of success." The Board of Directors comprises seven members, including Vice Chairman Ahmed Hassan Mahboub and six other directors appointed by resolution of Dubai's Executive Council.
Al Ali brings over two decades of experience in public transport and infrastructure project management with emphasis on sustainability initiatives. He joined the Roads and Transport Authority (RTA) in 2007 and spent sixteen years there, leading the building, strategic planning and buses divisions. He played a major role in managing the transportation and traffic systems for Expo 2020 and headed the operating team providing passenger transportation during the COP28 Conference. Prior to the RTA, he worked for more than six years in construction and building segments at e&. Al Ali holds a Master's Degree in Engineering Management and a Bachelor's Degree in Civil Engineering from the American University of Sharjah. He is also a member of the International Transport Organization (UITP) and heads its Mobility Working Group in the Middle East and North Africa.
Parkin is the exclusive public parking operator in Dubai with a dominant market position. The company operates approximately 179,000 paid public parking spaces across the emirate, holds 100 percent of Dubai's paid public parking market share, and operates nine multi-storey car parks. It was established under Law No. 30 of 2023, issued by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The company took over parking responsibilities previously managed by the RTA through a 49-year concession agreement protecting its exclusive operational rights. Parkin operates with financial, administrative and legal autonomy for a 99-year period, with the Dubai government retaining at least 60 percent ownership. The company floated on the Dubai Financial Market in 2024 and has announced investments in smart parking technology, including AI-enabled camera systems deployed across key locations.
The appointment signals Dubai's strategic shift to separate parking operations from broader transport management. Al Ali's extensive background in the RTA, including his role managing logistics for major events and complex urban systems, fits the company's stated direction of leveraging "market leading position as the largest provider of paid parking facilities and services in Dubai" while "shaping the future of urban mobility solutions." The hire aligns with the company's infrastructure-focused mandate and its focus on innovation, sustainability and growth in line with Dubai's expansion plans.
