Page 92 - SALIK PR REPORT AUGUST 2024
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8/30/24, 1:12 PM Salik to launch two new gates in Dubai by November, boosting revenue forecast
year. The company now anticipates a 7-8 percent increase in revenue-generating trips in
2024, a notable adjustment from previous estimates of 4-6 percent. This optimistic outlook is
attributed to the anticipated revenue impact from the new gates and the overall economic
boom in Dubai. The company stated that the new gates are expected to positively influence
revenues from the start of their operations through the end of 2024.
Salik has reached an agreement with the Roads and Transport Authority (RTA) of Dubai
regarding the payment for the new gates. The total assessment amount will be paid over six
years, commencing at the end of November 2024. The annual installment is set at AED 455.7
million, to be paid in two equal semi-annual installments of AED 227.9 million each. These
payments will be funded from Salik's own financial resources. Under the concession
agreement with the RTA, Salik holds exclusive rights to build, operate, and maintain existing
and new toll gates until June 2071.
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