Page 235 - SALIK PR REPORT AUGUST 2024

8/15/24, 9:42 AM Dubai’s Salik posts $148.32 million net profit in H1 2024 on 238.5
Al Tayer explained that since the beginning of 2024, the company had focused on expanding its core
tolling business while diversifying its revenue streams through new strategic initiatives. He
highlighted the addition of two new toll gates in Dubai, scheduled to be operational by the end of
November 2024, as well as Salik’s recent parking solutions partnership with Emaar Malls, which
became operational in July of that year, as examples of the company’s commitment to
diversification and growth.
Read more: Dubai’s Salik posts $153 million in revenues from 122.8 million trips in Q1 2024
Commitment to enhancing Dubai’s mobility
For his part, Ibrahim Sultan Al Haddad, chief executive officer of Salik, commented that the
company was delighted to report another very robust quarter. He stated that Salik’s performance was
a clear demonstration of the resilience of its business model and its commitment to enhancing
mobility in Dubai.
Al Haddad explained that the increase in revenue-generating trips and active accounts achieved in
Q2 2024 reflected the company’s strategic efforts to meet the growing demand for efficient
transportation. He noted that Dubai continued to strengthen its position as a global tourism hub,
attracting more international visitors than ever before, and that the city was also continuing to attract
new residents and businesses. Al Haddad expressed pride in Salik’s pivotal role in making Dubai
one of the most accessible cities in the world.

https://economymiddleeast.com/news/dubais-salik-posts-148-32-million-net-profit-in-h1-2024/ 2/2