Page 158 - SALIK PR REPORT ENGLISH AUGUST 2024

8/28/24, 1:12 PM Toll operator Salik’s two new gates valued at Dhs2.73bn
The combined valuation of Salik’s two new toll gates is Dhs2.73bn, the Dubai road-toll

operator said on Wednesday, with the Business Bay Gate valued at Dhs2.3bn and the Al
Safa South Gate valued at Dhs469m.

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The gates, which are expected to be operational by the end of November 2024, will

expand Salik’s toll gate network in Dubai from eight to ten. They are being installed at the

Business Bay Crossing on Al Khail Road and in Al Safa South on Sheikh Zayed Road,

between Al Meydan Street and Umm Al Sheif Street.

Salik has the exclusive rights to construct, operate, and maintain the toll gates until the end

of June 2071 under an agreement with Dubai’s Roads and Transport Authority (RTA).

The authorities expect the new Business Bay gate to reduce traffic congestion by 12 per

cent to 15 per cent, while the gate in Al Safa South is set to cut congestion by 15 per cent.

“RTA has conducted detailed traffic impact studies to ensure that the placement of each

gate aligns with its strategic goals for traffic management optimisation,” Salik said in a
bourse filing.

“These strategic investments underscore our dedication to sustainable growth and
providing more seamless mobility across Dubai by enhancing travel efficiency and

reducing traffic congestion. The new gates will play a crucial role in optimising travel time

and reducing congestion on some of Dubai’s busiest routes,” said Mattar Al Tayer,
chairman of Salik.

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