Dubai Endowments launches endowment investment positions in cooperation with Parkin

Within the framework of the endowment strategy in the Emirate of Dubai, which aims to strengthen endowment banks and diversify into various investment sectors to support sustainable humanitarian work, serve the community, and meet its needs, the Endowment Foundation and the Management of Minors’ Funds in Dubai concluded a partnership agreement with Parkin PJSC, which supports bilateral cooperation between the two sides. By launching joint investment projects that contribute to opening new growth horizons in the endowment work sectors, and support Dubai’s economic agenda..

Under the agreement, “Dubai Endowments” and “Parkin” will cooperate in projects to build and develop multi-storey vehicle parks, and offer and implement them, with the corporation providing the necessary funding for development and construction, while “Parkin” will carry out the implementation, development, operation and management of the project and provide smart parking services. And attitudes in general.

His Excellency Ali Al Mutawa, Secretary-General of the Endowment Foundation and Minors’ Funds Management in Dubai, confirmed that the project aims to expand the endowment’s investments and diversify them to include various vital investment sectors available in a way that contributes to achieving the endowment’s ambitious strategic plans in the Emirate of Dubai, and that the Foundation aims, through cooperation with Parkin Company, to To create vital projects that aim to achieve positive developmental impacts on the endowment assets, create new horizons for investment and growth, and contribute to unlocking endowment returns that support economic and societal development in the Emirate of Dubai..

Al-Mutawa stated that cooperation with “Parkin” comes within the framework of strategic partnerships that represent a new positive step towards consolidating social responsibility and social development on both sides, which reflects the values ​​of cooperation and opens the way for both sides to exchange experiences and knowledge and make optimal use of all available capabilities to achieve community development and empower its members..

For his part, Engineer Mohammed Abdullah Al Ali, CEO of Parkin, said: “As the leading company in operating, managing and developing innovative parking solutions in Dubai, we are proud of our strategic partnership with the Endowments Foundation and Minors’ Funds Management to launch this ambitious project, and we seek through this partnership To provide smart and sustainable solutions that contribute to diversifying the endowment’s investments and enhancing its returns in a way that supports community and economic development. We will continue to exploit our distinguished capabilities and expertise in order to explore more promising partnership opportunities in this growing sector in the emirate. With the aim of expanding the scope of investment opportunities in the vehicle parking sector.

It is noteworthy that the Foundation for Endowments and Minors’ Funds Management in Dubai is in the process of implementing 21 real estate endowment projects, worth more than 202 million dirhams, which include shopping centres, buildings, residential villas, commercial stores and mosques in various stages of design and implementation, as part of the Foundation’s objectives aimed at expanding its endowment investments and enhancing… The role of the endowment in achieving the goals of the Dubai Social Agenda 2033.

“Parkin” is considered the largest provider of paid public parking in the Emirate of Dubai, as it enjoys a pioneering position in this field with a proven track record extending for nearly three decades. The company is concerned with operating technologically advanced and digitally supported parking facilities and services in large and strategic locations throughout Dubai. Which provides an outstanding experience for customers.