Page 176 - SALIK PR REPORT AUGUST 2024

2 new Salik gates: Company to pay Dh2.73 billion

to RTA for new toll gates

Story by A Staff Reporter

• 3h • 1 min read

Photo: KT reader (Image used for illustrative purposes)

Dubai’s toll gate operator Salik Company on Wednesday revised upward its financial guidance with revenue-
generating trips expected to increase 7-8 per cent in 2024.

The announcement comes as new toll gates in Business Bay and Al Safa South will be operational by the end
of November this year, taking the total toll gates from 8 to 10.

Salik Company said the combined valuation of the two new toll gates at Business Bay and Al Safa South have
been valued at a total of Dh2.734 billion.

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

“The launch of the two new gates highlights the commitment of both the Roads and Transportation Authority
and Salik Company to advancing sustainable mobility solutions and improving Dubai’s transport
infrastructure. These strategic investments underscore our dedication to sustainable growth and providing
more seamless mobility across Dubai by enhancing travel efficiency and reducing traffic congestion,” said
Mattar Al Tayer, chairman of Salik.

“The new gates will play a crucial role in optimizing travel time and reducing congestion on some of Dubai’s
busiest routes,” he added.

https://www.msn.com/en-ae/money/news/2-new-salik-gates-company-to-pay-dh2-73-billion-to-
rta-for-new-toll-gates/ar-AA1pyMqp