Page 102 - SALIK PR REPORT SEPTEMBER 2024

9/4/24, 11:21 AM Dubai: 2 New Salik Gates To Be Solar-Powered, Cut Traffic Congestion Across Key Roads
What is the combined valuation of the two new gates?

The Salik CEO said the combined valuation for the two new gates came in at Dh2.73 billion,
of which the Business Bay gate was valued at around Dh2.27 billion and the Al Safa gate at

Dh469 million.

Al Haddad also talked about Salik's main growth drivers, underscoring the company's“solid
results during the first half of 2024, where there was a 4.9 per cent increase in revenue-
generating trips compared to the same period last year, reaching a total of 238.5 million.

“This growth, coupled with a 5.6 per cent increase in total revenue to Dh1.1 billion, is a
testament to the continued demand for our services. Most of our revenue growth, about 87

per cent, which is up 4.9 per cent year-on-year, was from toll usage. This reflects growing
traffic volumes on Dubai's roads, which is an indicator of the city's increased economic
activity. Additionally, we saw a 7.4 per cent increase in revenue from fines.

“The government's focus on human well-being and its ambitious plans for urban innovation

and sustainability have created a favourable environment for businesses and residents,” Al

Haddad underscored, adding“This, in turn, has led to increased traffic and higher demand for
our services. Dubai's status as a central commercial and tourism hub has also been a major
factor in our success.”

Expected road congestion reduction

Business Bay Crossing gate will reduce traffic by:

12 to 15 per cent on Al Khail Road

10 to 16 per cent on Al Rabat Street

Al Safa South gate:

15 per cent reduction of right-turn traffic volume from Sheikh Zayed Road to Meydan Street

Improve traffic flow between Financial Center Street and Meydan Street
Redistribute traffic to wider First Al Khail Street and Al Asayel Street

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