Merak Capital, a Saudi investment firm licensed by the Capital Market Authority, has made a SAR 100 million (USD 26.7 million) strategic investment in Arsann, the Kingdom’s leading operator of smart parking and mobility infrastructure.
The move, according to an announcement, is aimed at advancing Saudi Arabia’s digital urban transformation.
Founded in 2017, Arsann operates more than 270 sites and has managed over 10 million parked vehicles nationwide, the largest smart-parking footprint in the country.
Its IoT-enabled systems and digital payments infrastructure aim to reduce congestion and enhance accessibility across retail, healthcare, aviation, and hospitality sectors.
The investment is expected to support Vision 2030’s push for smarter, more sustainable cities by scaling Arsann’s technology and data capabilities and enabling participation in giga projects and national events.
Arsann also plans to expand into municipal on-street networks with connected systems offering real-time visibility into parking availability and traffic flow.
“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,” said Mahmoud Ghulman, Arsann’s chairman. “This investment allows us to scale that mission and deepen our contribution to the national economy.”
Merak Capital Partner and Head of Capital Formation Mohannad Alfayez said the deal underscores the firm’s belief that “technology and infrastructure can work together to deliver meaningful impact, supporting national priorities and expanding opportunities for Saudi talent.”
Arsann’s platform converts parking assets into data-driven revenue centers while providing seamless digital access for drivers.
It also contributes to job creation by supporting on-ground operators and service providers within the Kingdom’s growing gig economy.
The deal aligns with Merak Capital’s broader strategy of backing high-growth Saudi companies in sectors critical to the Kingdom’s modernization and diversification goals, per the announcement.