Over 2,500 Parking Spaces Designated for Real Estate Units and Commercial Areas… Infracorp Appoints ‘Park Point’ to Manage and Operate the Parking Facilities at Bahrain Harbour
September 11, 2024
Infracorp, a leading infrastructure developer specialized in the infrastructure and sustainable development sector, has announced a new partnership with ParkPoint, a leading parking management and operation company in the Kingdom of Bahrain and the Kingdom of Saudi Arabia. Under this agreement, ParkPoint will manage the parking facilities at Bahrain Harbour, serving the residential and commercial components within the Harbour Row and Harbour Heights projects.
The logistics from ParkPoint will include the utilisation of the latest parking management systems for real estate units and commercial spaces in Bahrain Harbour. This ensures that the parking facilities operate at the highest level of efficiency, thereby enhancing the flow of traffic in the area, considered the premier real estate, tourism and entertainment destination in the Kingdom of Bahrain. These services from ParkPoint mark a significant step in Infracorp’s ongoing efforts to enhance the infrastructure of its projects, ensure sustainable strategies, and deliver services that meet the highest standards.
Commenting on the partnership, Mr Hazem Abdulkarim, Chief Administrative Officer at Infracorp, stated: “We are delighted to announce this partnership, which reflects our commitment to providing innovative solutions at this vital location in the heart of Manama. This collaboration will enhance the quality of living for all residents and visitors by leveraging ParkPoint’s extensive experience in parking management. With over 2,500 parking spaces, Bahrain Harbour boasts one of the highest parking ratios in Bahrain.”
Mr Omar Al Khan, CEO of ParkPoint, added: “We are proud to welcome Infracorp to our list of prominent clients in Bahrain and Saudi Arabia. We will manage and operate the parking spaces at Bahrain Harbour and its affiliated projects, providing integrated solutions that meet the needs of everyone in the region and achieve their aspirations. This new project is a prime example of our local and regional innovation in the facility operations and management, utilising all our accumulated expertise to exceed the expectations of our partners and clients.”
It’s worth citing that Infracorp is a company specialised in investing in the infrastructure and sustainability development sector, with a capital of USD 1.2 billion. Infracorp manages a portfolio of nearly USD 3 billion in infrastructure assets, including a 250 million square feet land bank in the GCC, North Africa and South Asia, which is earmarked for sustainable economic and social infrastructure.
Also, ParkPoint is a comprehensive parking solutions company that primarily operates in the Kingdom of Saudi Arabia and the Kingdom of Bahrain, with plans to expand into other GCC countries. The company offers innovative solutions in parking management, valet services and car washes, ensuring increased revenues for parking lot owners and enhanced efficiency. Additionally, it provides a range of premium services to users, including digital payment options, booking opportunities and information about parking spaces, all under one platform.