Page 33 - SALIK PR REPORT OCTOBER 2024

11/1/24, 11:24 AM Dubai's two new Salik tollgates to go live November 24 | Markets – Gulf News
This brings the number of Salik-operated tollgates in Dubai to 10. On August 28, Salik

confirmed the launch of the new gates and what it would mean for Dubai's vehicle

traffic flow. They also meant the first additions after Salik went in for a bumper IPO.

The choice of locations for the new gates will greatly streamline vehicle movements on

and off the Shaikh Zayed Road stretch.

The gains for Salik too will be immediate, with annual revenue-generating trips

expected to increase 7-8% in 2024.

Earlier, Salik had given valuations for the new gates at Dh2.73 billion with Business Bay

Gate valued at Dh2.26 billion and Al Safa South Gate at Dh469 million. (Salik has the

exclusive rights to construct, operate, and maintain the toll gates until the end of June
2071.)

In the first six months, there were more than 300 million trips through the 8 Salik gates

in Dubai. And the number of Salik registered vehicles had risen 8.8% to 4.2 million.

Now, with Business Bay Gate and Al Safa South Gate going live, Salik forecasts a 7-8%

revenue gain. Investors on DFM are enthused by the potential, with the Salik stock

hovering close to Dh5.

The IPO price was Dh2.

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