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1/22/24, 1:47 PM Salik to open two more toll-gates in Dubai | Markets – Gulf News

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Be new gates will open by November 2024.

Be two new locations can help with 'reducing traffic congestion by up to 15 per cent on Al Khail Road' and up to '16 per
cent on Al Rabat Street'. It could also help with reducing 'right-turn traffic volume from Sheikh Zayed Road to Meydan

Street by up to 15 per cent.

According to RTA, the new project will lead to the construction of five intersections and braided ramps, along with the
introduction of rapid traffic solutions at two key points along Al Khail Road. (It also includes enhancing the surface

intersections of First Al Khail Road with Al Meydan and Al Zumurrud Streets.)

"These new gates is another impor tant step in our journey to enhancing Dubai’s transpor t infrastructure with smar t and sustainable
mobility solutions," said Ibrahim Sul tan Al Haddad.
Image Credit: Dubai Me dia Of{ce

On DFM, the Salik stock started strong, trading 2.5 per cent higher within the first few minutes.

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■ Salik CEO: 'New toll-gates would, naturally, boost our growth – but we are not reliant on them'

“Be addition of new toll gates in two increasingly busy locations marks the latest milestone in the growth plan that we

set out at the time of Salik’s IPO," said Ibrahim Sultan Al Haddad, CEO of Salik Company.

New revenue paths

Indeed. Salik's top officials had spoken about creating multiple new revenue streams, organic and otherwise. Recently, it
had announced quite a path-setting tie up with Emaar, to provide its services at Be Dubai Mall.

Now, the confirmation of more toll-gates in the city extends the revenue possibilities. Business Bay Crossing and Al Safa

South are two of the most prominent 'gateways' into and out of the city's major locations.

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