Page 126 - SALIK PR REPORT MAY 2024

5/14/24, 10:49 AM Dubai's Salik Announces Dh562 Million Q1 Revenue Amid Increased Traffic Volume | MENAFN.COM

Growth remained strong across several gates in the first quarter, with Jebel Ali seeing double
digit growth (+c12%), and other gates growing in the high-single digit range, including Airport

Tunnel and Al Mamzar North (+c.8%).

Two new toll gates
Full year 2024 revenue-generating trips are expected to increase between 4 and 6 per cent.

Business outlook is also upbeat with the introduction of two new toll gates in Dubai –
Business Bay Crossing and Al Safa South gates – that are expected to be operational by the

end of November this year.

Salik is also building its ancillary revenue streams, with the use of barrier-free paid parking
system that should be operational by third quarter of 2024 at Dubai Mall.

Salik is likewise looking into“enriching offerings that are payable directly through Salik

accounts, alongside other ancillary revenue streams, including advertising and the potential
monetisation of data with mobility players".

Ibrahim Sultan Al Haddad, CEO of Salik, said:“We continue to thrive in our core tolling
business and remain focused on diversifying our portfolio through the expansion of ancillary

revenue streams.

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