Page 26 - SALIK PR REPORT - MARCH 2024

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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