Dubai summit to address parking management in Middle East

Traffic flows in the Middle East, especially the UAE, have witnessed a substantial growth in recent decades. Rising concerns for safe and obstacle free streets are driving demands for efficient parking management facilities. Global parking management, a $5.7 billion industry, is expected to grow at a 9.1 percent CAGR by 2021. Higher investments by manufacturing and service providers in R&D programs are articulating improvements in existing systems and creating opportunities for innovative solutions.

Held between April 19-20, at the Sheraton Grand Hotel in Dubai, the NextGen Parking Management Summit seeks to delve deeper into the current challenges facing the parking management industry in the region and will identify new opportunities as well as revenue streams. Recent developments in the parking and transportation market in the UAE have thrown open doors for new avenues in intelligent transportation, IoT, autonomous vehicles, intelligent parking systems and big data, which will go on to determine the growth trajectory of the industry.

The summit will be hosting some of the most prolific innovators in the region who will address key challenges in the industry and speak about employing innovation to alleviate these issues. Richard Goodwin, COO of Fybr, will speak on the impact of IoT on parking management and integrated transport. IoT solutions will make uploading field data to the cloud without abandoning reliance on established assets easier, making IoT enabled parking management more cost effec- tive than other smart parking innovations.

With automated parking making huge waves in the parking management industry, Zarak Ali, development director of Massa Global, will address the need for automated parking systems in current projects and effectively integrating such systems for major developmental projects in the near future. Other innovators addressing different facets of automated parking include Jukka Riivari, CEO of Leanpark; Martin Tillman, director of transport planning at AECOM; and Saeed Al-Dhaheri, chairman of Smartworld UAE.

The interactive conference format will feature a mixture of insightful case studies, panel discussions, debates and roundtable discussions involving key stakeholders in the industry.