Page 163 - SALIK PR REPORT AUGUST 2024

Salik values two new Dubai toll gates at

$735m

By Pramod Kumar
August 28, 2024

Wam
Salik holds the right to construct, operate and maintain toll gates in Dubai until the end
of June 2071
Dubai toll operator Salik has valued its two new toll gates at AED2.7 billion ($735
million), as it aims to turnaround its drop in profit during the second quarter of this year.
The Business Bay gate is valued at AED2.3 billion while the Al Safa South Gate is
estimated at AED469 million.
The new gates, expected to be operational by the end of November, will expand the
emirate’s toll gate network from 8 to 10.

Under the concession agreement with the Road and Transport Authority (RTA), Salik
holds the right to construct, operate and maintain toll gates until the end of June 2071.
Salik will repay the total valuation amount for the two new gates to the RTA over six
years, starting from the end of November 2024.
The annual repayment will be AED455.7 million, paid in two equal installments every six
months from its own financial resources, Salik said.
• Salik revenue rises but profit growth slows
• Dubai road toll revenue hits $153m as tourism flourishes
• Salik doubles dividend pay to $300m as revenue surges 12%

https://www.agbi.com/finance/2024/08/salik-values-two-new-dubai-toll-gates-at-735m/