Dubai’s latest public joint stock company, Parkin, has officially appointed a CEO, as announced in a statement on Tuesday.
Mohamed Al Ali, a veteran of the Dubai Roads and Transport Authority (RTA), has been named as the new CEO by Parkin’s Chairman, Ahmed Hashem Bahrozyan.
The decision to appoint Ali follows the establishment of Parkin as a PJSC by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, last year, along with the appointment of the Board of Directors.
Ahmed Hashem Bahrozyan, Chairman of Parkin, expressed, “Today marks a momentous occasion as we appoint the first CEO of Parkin, a demonstrated leader with a clear vision for the future of the company underpinned by a commitment to innovation and excellence. We are confident that this step will lead the company towards new horizons full of success and progress.”
RTA Experience
Ali brings over two decades of experience in the public transport sector, having joined the Roads and Transport Authority (RTA) in 2007. He held various leadership roles within the organization, contributing significantly to major events such as Expo 2020 and COP28 Conference.
He holds a Master’s Degree in Engineering Management and a Bachelor’s Degree in Civil Engineering from the American University of Sharjah. Ali is also a member of the International Transport Organization (UITP), heading the organisation’s Mobility Working Group in the Middle East and North Africa, according to Gulf Business.
Dubai Parking
Parkin will focus on creating, planning, designing, operating, and managing public parking spaces in Dubai, taking over responsibilities that were previously under the RTA’s purview.
With financial, administrative, and legal autonomy for 99 years, Parkin’s capital will be majority-owned by the Dubai government, ensuring at least 60%. The possibility of public and private subscriptions in share sales remains uncertain, and whether Parkin will undergo an initial public offering in the future is yet to be determined.
