Page 26 - SALIK PR REPORT - MARCH 2024
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3/29/24, 10:34 AM                       Dubai Salik unveils growth strategy, diversifying revenue beyond tolls








































        Ibrahim Al Haddad, CEO, Salik
        TRANSPORT
        Dubai Salik unveils growth strategy, diversifying

        revenue beyond tolls


        In an interview with Zawya Projects, CEO Ibrahim Al Haddad discusses robust
        performance and strategic initiatives, anticipating a 4-6% increase in revenue-generating
        trips in 2024.


        Syed Ameen Kader, Zawya Projects


        March 28, 2024

        Dubai's exclusive toll gate operator, Salik, achieved strong financial performance in 2023, reporting
        2.1 billion UAE dirhams in revenues, fueled by a surge in toll usage, with over 461 million revenue-

        generating trips, marking an 11.7 percent increase from the previous year.


        In an exclusive interview with Zawya Projects, Ibrahim Al- Haddad, CEO of Salik, attributed the
        remarkable growth to Dubai's sustained appeal as a tourist and residency destination, fostering
        increased traffic through the city's toll gates.


        “Growth was driven by increased toll usage, representing the lion’s share of our total revenue, which
        was supported by continued strong growth in tourism and residency, as Dubai remains a highly

        attractive destination for visitors and individuals relocating to the city,” said Al-Haddad.


        Salik maintained EBITDA and net income margins of 65.9 percent and 52.1 percent respectively, in
        2023.



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