Page 108 - SALIK PR REPORT ENGLISH AUGUST 2024

8/29/24, 10:51 AM Salik Adjusts Revenue Forecast to 7-8% Following Expansion Plans | Arabian Post
Salik Adjusts Revenue Forecast to 7-

8% Following Expansion Plans

Salik, Dubai’s road toll operator, has revised its
revenue growth projections upwards to 7-8% for

2024, driven by the addition of two new toll gates
expected to be operational by November. The

company’s decision to expand its tolling network
comes as part of a broader strategy to boost
revenues and enhance its market presence.

In the first half of 2024, Salik reported a strong

financial performance with a net profit of AED 544.8
million, marking a 9.2% increase from the previous

year. This robust growth is attributed to the efficient
management of existing toll gates and the
introduction of ancillary services, such as a barrier-

free parking payment solution at Dubai Mall in
collaboration with Emaar Malls.

The company’s latest expansion initiative includes

the installation of toll gates in strategically important
locations within Dubai, aimed at managing traffic
flow and increasing revenue streams. These new

gates are expected to contribute significantly to Salik’s financial performance in the latter half of the
year.

A D V E R T I S E M E N T

Salik’s revised revenue guidance reflects the anticipated positive impact of these developments, along
with other adjustments in its operational strategy. As the company moves forward with its expansion

plans, it continues to emphasize sustainability and ethical business practices, having joined the United
Nations Global Compact in July 2024.

This strategic shift not only reinforces Salik’s leadership in Dubai’s transportation sector but also aligns

with the city’s broader goals of enhancing infrastructure and mobility services. As these new toll gates

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