Page 140 - SALIK PR REPORT AUGUST 2024

8/29/24, 11:06 AM 2 New Salik Gates: Company To Pay Dh2.73 Billion To RTA For New Toll Gates

“Salik expects to see an increase in annual revenue-generating trips with the operation of the
Business Bay and Al Safa South gates supported by the positive macro-economic factors in
Dubai. Upon their operational launch which is expected to be by the end of November 2024,

the new gates are expected to generate a revenue impact from the starting date till the end of
2024,” it said.

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During the first half of 2024, Salik saw 238.5 million vehicles pass through its eight toll gates,
resulting in Dh1.1 billion in revenues, up by 5.6 per cent from the same period last year.
Revenues from toll usage, comprising 87.1 per cent of total revenue, rose by 4.9 per cent

year-on-year to Dh953.8 million.

It recently published new terms and conditions whereby UAE motorists will face a maximum

fine of Dh10,000 per vehicle annually.

Under the new conditions, the highest aggregate amount of fines related to the Salik tolling
system that may be imposed per vehicle for violation shall not exceed Dh10,000 in any given
calendar year from January 1 to December 31, it added.

Dh2.73 billion combined value of 2 new gates
On Wednesday, Salik Company said the combined valuation of the two new toll gates has

been valued at a total of Dh2.734 billion.

In a statement published on the Dubai Financial Market website, it said the Business Bay
Gate is valued at Dh2.265 billion and the Al Safa South Gate is valued at Dh469 million.

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