Riyadh – Sharikat Mubasher: Merak Capital, a Saudi investment firm licensed by the Capital Market Authority, announced a SAR 100 million (USD 26.7 million) investment in Arsann, the Kingdom’s leading operator of smart parking and mobility infrastructure.

As per an official press release, the strategic investment aims to modernize Saudi Arabia’s urban infrastructure and accelerate the development of smarter, more sustainable cities in line with Vision 2030.

Founded in 2017, Arsann operates over 270 sites and has managed more than 10 million parked vehicles across the Kingdom — the largest smart-parking footprint in Saudi Arabia. Its IoT-based systems and digital payment solutions improve parking flow, reduce congestion, and enhance accessibility across key sectors, including retail, healthcare, aviation, and hospitality.

With Merak Capital’s support, Arsann plans to expand its technology and data capabilities, take part in giga projects, and roll out connected municipal parking networks that provide real-time visibility into parking availability and traffic flow.

Mahmoud Ghulman, Chairman of Arsann, said the investment will help the company scale its mission of enabling economic growth and creating opportunities within Saudi Arabia’s evolving mobility sector.

Mohannad Alfayez, Partner and Head of Capital Formation at Merak Capital, added that the investment reflects Merak’s belief in the power of technology-driven infrastructure to generate national impact and support Saudi talent.

The partnership underscores both firms’ shared vision of transforming parking from static spaces into data-rich, connected assets that enhance efficiency, reduce congestion, and improve quality of life in Saudi cities.