Riyadh - Mubasher Arsann, Saudi Arabia’s leading smart parking operator, has secured SAR 100 million from Merak Capital to accelerate its nationwide expansion and advance data-driven mobility infrastructure.

The investment supports Saudi Vision 2030 goals to build smarter, more sustainable cities through automation and data, according to a press release.

Through the funding, Arsann will expand into on-street networks and giga projects with connected systems offering real-time visibility of parking and traffic flow.

Mahmoud Ghulman, Chairman of Arsann, said: “From the start, Arsann set out to enable economic growth through opportunity, not just by building technology, but by empowering the people who move our cities.”

“This investment allows us to scale that mission and deepen our contribution to the national economy,” he emphasized.

Mohannad Alfayez, Partner and Head of Capital Formation at Merak Capital, added: “Our investment in Arsann reflects Merak Capital’s conviction that technology and infrastructure can work together to deliver meaningful impact, supporting national priorities and expanding opportunities for Saudi talent.”

The two partners aim to transform parking into data-driven hubs that enhance city efficiency, ease congestion, and enhance urban life.

Founded in 2017, Arsann operates over 270 sites and has managed more than 10 million parked vehicles, making it the Kingdom’s largest smart parking operator.

Its IoT-based systems and digital payments improve traffic flow, cut congestion, and enhance access across retail, healthcare, aviation, and hospitality sectors.

Earlier this month, Merak Capital invested $1.20 million in Saudi fintech Bynow to support product development and regional expansion.