Page 83 - SALIK PR REPORT JANUARY 2024

1/22/24, 1:49 PM Toll operator Salik to build two new toll gates in Dubai
Similarly, Al Safa South is expected to reduce right-turn traffic volume from Sheikh Zayed
Road to Meydan Street by 15 per cent and optimise traffic flow on Financial Centre, First Al

Khail, and Al Asayel Street.

With the launch of the new gates, Salik expects to see an increase in annual revenue-

generating trips.

The toll operator partnered with Emaar Malls in December to deliver a parking

management system at Dubai Mall, a deal that is expected to diversify its revenue streams

and ease traffic for visitors.

The company’s Q3 revenue jumped by 14.2 per cent year-on-year (YoY) to Dhs509m. Toll

usage revenue, which represents 87.1 per cent of Salik’s total revenue, surged 14.6 per
cent YoY, the highest third-quarter performance since the toll operator commenced

operations in 2007.

Read: Dubai Mall revamps parking with Salik’s platform

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