The Roads and Transport Authority (RTA) has signed an agreement for
operating, managing and regulating the parking lots of Tecom Investments, a
subsidiary of the Dubai Holding Group.
The agreement lasts for 10 years and covers around 9,084 parking slots in
Dubai Media City, Dubai Internet City, and Dubai Knowledge Village.
The
agreement was signed on behalf of the RTA by Mattar Al Tayer, Chairman of the
Board and Executive Director of the RTA, and on behalf of Tecom by Abdullatif Al
Mulla, Group CEO.
Al Tayer expressed his delight with the signing of this agreement; the first
of its kind in the free economic zones.
"The agreement aims to streamline the use of public parking, reduce traffic
grids, provide the largest possible number of parking slots for users, and curb
the disorderly and dangerous parking practices undermining the safety of road
users.
"The implementation of paid parking zones contributes to optimizing the use
of parking slots through enabling a single parking slot to be used by more than
one vehicle, particularly in congested parts of the city; which are bustling
with diverse trading and business activities."
For his part Abdullatif Al Mulla said: "The agreement will help sort out
traffic congestions in areas where Tecom is operating; which is triggered by the
disorderly parking of vehicles, and also streamline the entry and exit from our
facilities." Al Mulla added that Tecom gave due considerations to the needs and
requirements of investors and clients.
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