This move is part of the holding company’s broader strategy to develop cluster ecosystems and foster long-term value creation
Abu Dhabi-based wealth fund ADQ has taken over the management, operation and development of the emirate’s toll system, DARB, and parking system, Mawaqif, to support the region’s transportation network.
DARB, operational since 2021, oversees eight toll gates across Abu Dhabi, aimed at reducing congestion and encouraging the use of public transportation.
Mawaqif, established in 2009, provides structured public parking facilities, integrated into the DARB smart application and offers mobile payment solutions.
Operations to remain unaffected
Under the regulatory supervision of the Department of Municipalities and Transport through the Integrated Transport Centre, ADQ will manage the two systems without affecting their operations.
DARB and Mawaqif will continue to offer services via their digital platforms while benefitting from ADQ’s transport and logistics portfolio, advancing Abu Dhabi’s goal of building a smart, safe, and sustainable transport network.
ADQ aims to develop cluster ecosystems
The wealth fund’s deputy group CEO, Mansour AlMulla, highlighted that integrating DARB and Mawaqif into its portfolio is expected to create significant synergies, offering financial returns and improving urban mobility for commuters. “These systems will enhance our existing transport assets and contribute to developing a sustainable transport network in Abu Dhabi,” AlMulla said.
This move is part of the fund’s broader strategy to develop cluster ecosystems and foster long-term value creation, which supports Abu Dhabi’s economic diversification efforts while improving daily essential services such as transport.
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