Construction & Real Estate

Major parking upgrade announced for key districts in Riyadh

Remat Al Riyadh, the development arm of the Riyadh Region Municipality, has signed two contracts with Arsann to develop and operate 11 parking facilities across key districts of the Saudi capital, aiming to regulate parking operations, boost capacity and enhance the capital’s urban landscape. ...

Construction & Real Estate

Merak Capital in deal to accelerate Saudi smart parking infrastructure

Merak Capital, a Saudi-based investment firm focused on opportunities across multiple industries, has announced a SAR100 million ($26.7 million) strategic investment in Arsann, the kingdom’s leading operator of smart parking and mobility infrastructure. ...