Merak Capital invests SAR 100M in Arsann to boost Saudi Arabia’s smart mobility, driving innovation in AI-powered parking and digital infrastructure.
In a strategic move to accelerate digital transformation across the Kingdom’s mobility sector, Merak Capital has announced a SAR 100 million investment in Arsann, a leading operator in smart parking management and mobility infrastructure.
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The investment underscores a shared vision to develop technology-driven solutions that enhance urban mobility, reduce congestion, and support the evolution of sustainable transportation ecosystems in Saudi Arabia.
With this funding, Arsann aims to strengthen its technical and data infrastructure as it prepares for major national giga projects and events such as NEOM, Qiddiya, and the Red Sea Project.
The company also plans to scale its municipal parking networks using AI- and IoT-powered systems that monitor traffic flows and pinpoint available parking in real time, thereby boosting operational efficiency and easing urban congestion. This investment aligns with Saudi Vision 2030’s objectives of promoting smart city development, infrastructure modernization, and local innovation in mobility technology.
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