Riyadh, Saudi Arabia — Merak Capital has announced a strategic investment of $26.7 million (SAR 100 million) in Arsann, a leading operator of parking infrastructure and smart mobility solutions in Saudi Arabia.
This investment represents a significant milestone in advancing urban modernization and enhancing mobility efficiency through technology and automation, aligning with Saudi Vision 2030—which aims to improve quality of life and promote sustainable cities.
Arsann currently operates over 270 active sites and has managed more than 10 million vehicles across the Kingdom, making it the largest smart parking network in Saudi Arabia. Leveraging IoT-powered systems and digital payment solutions, Arsann enhances traffic flow, minimizes congestion, and improves accessibility across key sectors such as retail, healthcare, aviation, and hospitality.
With Merak Capital’s backing, Arsann plans to expand its technological and data capabilities, and prepare for participation in mega projects and national events. The company also aims to broaden its municipal (public) parking network, integrating real-time data systems that provide insights on parking availability and traffic movement, thereby accelerating Saudi Arabia’s shift toward a fully connected digital mobility ecosystem.
Beyond infrastructure, Arsann creates economic value for property owners and end users alike. Through its digital platform, the company transforms parking lots into data-driven revenue centers while offering a frictionless digital payment experience, making mobility smarter, smoother, and more sustainable.
Founded in 2017 by Feras Sakkat, Mahmoud Ghulman, and Abdulmouezz King, Arsann continues to lead innovation in Saudi Arabia’s smart infrastructure and mobility landscape.
