Homegrown smart parking operator Arsann secured a SAR 100 mn (USD 26.7 mn) investment from Merak Capital, according to a press release published yesterday. The funding will help Arsann expand its technology and data infrastructure, and prepare for participation in gigaprojects and major national events aimed at improving urban mobility.

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About Arsann: Founded in 2017 by Feras Sakkat (LinkedIn), Abdulmouezz King (LinkedIn) and Mahmoud Ghulman (LinkedIn), Arsann operates more than 270 sites and has managed over 10 mn parked vehicles across the Kingdom. Its smart systems use IoT and digital payments to optimize parking flow and reduce congestion, supporting sectors such as retail, healthcare, aviation, and hospitality.

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