Page 92 - SALIK PR REPORT AUGUST 2024
P. 92

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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