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20/08/2025 05:44 AST
The emirate's primary parking operator, Parkin, has entered into a landmark 10-year agreement with charge&go, a subsidiary of the global technology group, e&. The partnership will see the rollout of 200 ultra-fast Direct Current (DC) electric vehicle (EV) charging stations across the emirate, a decisive step in supporting the city's strategic urban master plan, said Parkin in a DFM filing.
The initiative, scheduled to commence in October 2025, is a direct response to the UAE's rapidly growing electric vehicle market, which now encompasses over 40,000 EVs in Dubai alone. The new charging network promises to be a game-changer, with its ultra-fast DC technology capable of cutting charging times to under 30 minutes, a stark improvement over current Alternating Current (AC) systems.
These new charging points will be located in key high-traffic areas, including residential communities and major retail and leisure hubs.
When will it launch?
This extensive project will be implemented in phases. The initial stage will involve the installation of 20 charging stations in some of the city's busiest locations, creating a vital first foothold.
Over the following twelve months, the programme will rapidly expand to deliver a whole network of 200 public and private charging points, Parkin said.
The collaboration leverages the distinct strengths of both companies. Parkin, which operates a massive network of approximately 212,000 paid parking spaces across Dubai, provides the critical physical infrastructure and operational expertise.
The company's recent successful IPO on the Dubai Financial Market has further cemented its role as a key player in the city's urban development.
How does it work?
For its part, charge&go, backed by the financial and technological muscle of e&, brings cutting-edge technology and a commitment to digital excellence. e&, a global technology group with a substantial presence in 38 countries, reported a consolidated revenue of Dh59.2 billion in 2024, demonstrating its robust capacity to invest in and execute large-scale, transformative projects.
The new 'park and charge' service is designed with the end-user in mind. It will be managed through Parkin's user-friendly mobile application, providing a seamless digital experience. EV owners will be able to reserve a charging bay, get real-time status updates on their vehicle's charge, and make secure payments directly through the app.
The network will operate under a strict 'park and charge' protocol, permitting vehicles to occupy designated bays only while actively charging, a measure that will help reduce overstaying and ensure that the vital infrastructure remains available for all.
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