Page 106 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/29/24, 1:09 PM Agreement signed to bolster UAE’s smart city infrastructure
The Company currently operates 8 toll gates located at strategic junctures, especially on Sheikh
Zayed Road, which is considered the main road in Dubai.

In 2023, 593 million journeys were recorded through Salik’s toll gates, whether for residents
commuting within the Emirate for their daily activities or for tourists visiting Dubai’s attractions. Under
a 49-year concession agreement (ending in 2071), with the Roads and Transport Authority (RTA),
Salik has the exclusive right to operate existing and any future toll gates in Dubai.

Founded in 2018, Parkonic is the UAE’s leading private-sector parking operator, celebrated for its
innovative use of AI-powered free-flow parking systems, real-time parking analytics, dynamic pricing,
and space-sharing solutions.

Managing over 135,000 parking spaces in premium locations across the UAE, Parkonic is committed
to enhancing customer experiences while contributing to the nation’s smart city development goals.

With a strong focus on sustainability, Parkonic’s efforts to reduce its carbon footprint are key to
achieving its ESG objectives.

Through its advanced digital platform, the company processes over 65 million transactions annually.
Recently, Parkonic expanded its operations to The Kingdom of Saudi Arabia, Qatar, and Egypt, with
plans to further grow its presence across the Mena region and beyond.

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