26 Oct, 2025
Mohannad Alfayez, Partner & Head of Capital Formation at Merak Capital, joined Al Arabiya to discuss Merak’s recent $26.7 million investment in Arsann, a leading smart parking solutions company.
In the interview, Mohannad explained that Saudi Arabia’s parking sector is currently valued at $3.5 billion and is projected to exceed $13.3 billion by 2030. With a large portion of the market still untapped with much of the market still underutilized, the opportunity for growth is significant..
He also emphasized that this investment reflects Merak’s broader vision of enabling innovation, improving urban mobility, and enhancing quality of life across Saudi cities, in line with Vision 2030.
