Skip to content Skip to Search
Skip navigation

ADQ takes control of Abu Dhabi’s toll and parking systems

By Pramod Kumar
ADQ said its management and operation of Abu Dhabi's toll and parking systems "will help generate sustainable financial returns" Abu Dhabi Media Office
ADQ said its management and operation of Abu Dhabi's toll and parking systems "will help generate sustainable financial returns"

The Abu Dhabi sovereign wealth fund ADQ has taken over the management, operation and development of the emirate’s toll and parking systems.

The move intends to provide high-quality services to customers and generate sustainable financial returns, the Abu Dhabi Media Office said in a statement.

The Darb and Mawaqif – the toll and parking systems, respectively – will benefit from being added to ADQ’s transport and logistics portfolio.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

Their operations will not be affected by the transition to ADQ, as the regulatory supervision roles will remain under state-run Abu Dhabi Mobility.

Darb, operational since 2021, manages eight toll gates in the UAE capital, which aims to alleviates congestion and promote the use of public transportation. The system was set up to build smart mobility infrastructure.

Mawaqif was established in 2009 to provide motorists with structured public parking facilities in Abu Dhabi. The system is fully digitalised, offering mobile phone payment and is integrated in the Darb smart application.

The inclusion of Darb and Mawaqif is expected to generate sustainable financial returns, said Mansour AlMulla, deputy group CEO of ADQ.

Latest articles

Gulf airlines, Gulf airlines conflict, Gulf conflict risk, Gulf flights cancelled rerouted

Conflict risk leads Gulf airlines to cancel regional routes

Gulf airlines are among airlines that have cancelled and rerouted flights across the Middle East as the conflict between Iran and Israel escalates. They are avoiding Iranian airspace and many have cancelled routes entirely following a major missile attack by Iran against Israel on Tuesday. Immediately after the attacks about 80 flights operated by carriers […]

Taaleem's schools offer 'exclusive educational experiences' including access to high-tech equipment profits

Dubai school operator Taaleem increases profit by 55%

Dubai school operator Taaleem has reported revenue of AED945.2 million ($257.3 million) for its 2023-24 financial year – a 15.5 percent year-on-year increase. More student enrolments and the opening of new schools helped Taaleem to increase net profit before tax by 55 percent, to AED182 million, in the financial year ending August. Taaleem’s shares were […]

Shein IPO

Mubadala-backed Shein courts investors before London IPO

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Shein is due to hold informal meetings to answer questions and test the investment appetite of major investors in the coming weeks, before its planned IPO […]

Workers stand on a scaffold in Dubai. Building a high rise in the UAE can be as much as two thirds cheaper than in other major cities

Apartments in UAE among cheapest to build in the world

Building a standard residential high-rise in Dubai or Abu Dhabi is up to two-thirds cheaper than in other major global cities, thanks to land, labour and raw materials all costing much less. Land is up to three times cheaper in the UAE compared with the prices paid in New York, London, Hong Kong and Singapore […]