Page 155 - SALIK PR REPORT ENGLISH AUGUST 2024

2 new Salik gates: Company

to pay Dh2.73 billion to RTA

for new toll gates

The Business Bay Gate is valued at Dh2.265 billion and the Al Safa
South Gate valued at Dh469 million
by

A Staff Reporter

Photo: KT reader (Image used for illustrative purposes)
Published: Wed 28 Aug 2024, 9:47 AM
Last updated: Wed 28 Aug 2024, 10:50 AM
Dubai’s toll gate operator Salik Company on Wednesday revised upward
its financial guidance with revenue-generating trips expected to increase
7-8 per cent in 2024.
The announcement comes as new toll gates in Business Bay and Al Safa
South will be operational by the end of November this year, taking the
total toll gates from 8 to 10.

“Salik expects to see an increase in annual revenue-generating trips with
the operation of the Business Bay and Al Safa South gates supported by
the positive macro-economic factors in Dubai. Upon their operational
launch which is expected to be by the end of November 2024, the new
gates are expected to generate a revenue impact from the starting date till
the end of 2024,” it said.

https://www.khaleejtimes.com/business/2-new-salik-gates-company-to-pay-dh2-73-billion-to-
rta-for-new-toll-gates