Page 109 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/28/24, 11:01 AM DFM-listed Salik expands reach outside Dubai in deal with Parkonic | Markets – Gulf News
introduced to the 107 locations Parkonic operates and 'any other future locations it may

operate in the UAE'.

The partnership is based on a 5-year contract.

What this does is allow the vehicle owner finding a spot in one of Parkonic operated

areas to use his/her Salik funds to make the payment.

Parkonic will 'promote' Salik as the preferred payment channel for its customers at all of

its locations, whereby users can avail of a convenient payment option for paid parking.
For the eWallet services, Parkonic will pay Salik a percentage of its parking revenues

generated specifically through the Salik eWallet. The solution is expected to be available

for Parkonic’s 135,000 parking spaces during Q1-2025.

Salik, which opened two new toll-gates in Dubai Sunday (November 24), has been

looking to expand its revenue lines organically and otherwise. The Parkonic

arrangement clearly follows the latter route.

“Our strategic partnership with Parkonic will facilitate advanced parking payment

solutions across approximately 135,000 spaces and 107 locations in the UAE,"

said Ibrahim Sultan Al Haddad, CEO of Salik.

"Not only will this bolster the UAE’s smart city infrastructure, enabling easy, secure and
quick access to parking services across the country, but it further accelerates the growth

of Salik’s ancillary revenues, a key component of our corporate strategy.

"This partnership further demonstrates Salik’s commitment to continue building on the
success of its parking payment solutions as a key driver of ancillary revenue growth”

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