Page 102 - SALIK PR REPORT AUGUST 2024

8/29/24, 10:49 AM Salik completes valuation of new toll gates; revises revenue guidance - Arabian Business: Latest News on the Middle East, Real E…
Salik completes valuation of new toll

gates; revises revenue guidance

Combined valuation of Business Bay and Al Safa South is $744.4

million; Will increase revenue-generating trips by 7-8% for 2024

The gates will expand Salik’s toll gate network in Dubai from eight to ten. Image: Shutterstock

Salik, Dubai’s exclusive toll gate operator, has valued the two new toll gates at Business Bay

and Al Safa South at AED2,734 million ($744.4 million) and has revised its full-year revenue
guidance for 2024 upwards because of its financial impact.

The Business Bay Gate, positioned on Al Khail Road, has been valued at AED2,265 million
($616.7 million). The Al Safa South Gate, between Al Meydan Street and Umm Al Sheif

Street, is valued at AED469 million ($127.7 million). Both gates are expected to be
operational by the end of November 2024.

https://www.arabianbusiness.com/industries/transport/salik-completes-valuation-of-new-toll-gates-revises-revenue-guidance 1/3