Saudi Arabia’s Arsann Secures $26.7M for Smart Parking Revolution Under Vision 2030

There’s been quite a stir in Saudi Arabia’s investment circles, and for good reason. Merak Capital, a local investment firm backed by the Capital Market Authority, has just poured SAR100 million (around USD26.7 million) into Arsann — the country’s frontrunner in smart parking technology and mobility solutions. I reckon this isn’t just a business move; it’s a nudge toward the future Saudi cities have been promising under Vision 2030.

Arsann, founded back in 2017, already runs more than 270 sites and has helped park over 10 million vehicles across the Kingdom. That’s a lot of cars — and a lot of data. The company’s systems lean heavily on IoT connections, digital payments and its own platform to manage parking flow, cut congestion, and make daily commuting a bit less of a faff.

With Merak’s cash injection, Arsann’s looking to beef up its tech offering and step into some of the country’s high-profile projects — think giga-projects like NEOM and The Line, where mobility innovation is more than just a buzzword. There’s also talk of expanding into municipal on-street parking networks, using real-time data to keep traffic flowing smoothly. Quite spot on for a nation racing to modernise its infrastructure, I’d say.

What makes Arsann rather interesting, though, is the ripple effect it’s having beyond the parking lots. Its platform has quietly created work opportunities for small operators and mobility service providers, tapping into Saudi’s growing gig economy. It’s that blend of tech and community value that keeps catching our attention at Arageek — you can feel how the local entrepreneurship scene is maturing, bit by bit.

Mahmoud Ghulman, Arsann’s chairman, put it neatly when he said the company’s always been about enabling economic growth through opportunity, not just building gadgets. Meanwhile, Merak’s Mohannad Alfayez highlighted that smart infrastructure can go hand in hand with national goals, especially when local talent gets the chance to shine.

It might sound like corporate talk on paper, but having seen how digital systems are changing parking and payments even in smaller Saudi towns, I can tell you it’s definately more than theory. On the flip side, smart infrastructure isn’t without its bumps — tech rollout can be tricky in dense areas, and adoption takes time. Still, as the partnership takes off, it’s shaping up to turn static car parks into connected, data-rich spaces driving urban mobility into the next chapter.

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