Page 49 - SALIK PR REPORT JUNE 2024

four hours during the weekdays and for six over the weekends. Charges
ranging from Dh20 to Dh1,000 apply after, for four to 24 hours.
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“Salik’s technology will be deployed to enable a smooth, barrier-free parking
experience for mall visitors. (The) … solution will feature automatic fee
collection for ticketless parking, using vehicle plate recognition to deduct
fees, if applicable, from Salik user accounts,” Salik said in a press statement.

The company will operate the parking payment solution at Dubai Mall for five
years from July 1.
Under the agreement between the two companies, Salik is responsible for
designing, financing, developing, installing and managing the parking
payment collection system, while Dubai Mall provides the required local
infrastructure, office space and car park maintenance across 13,000 spaces in
the mall.
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Salik has 4.1 million vehicles registered in its database, covering nearly 90 per
cent of vehicles operating in the UAE.
The company recorded 122.8 million revenue-generating trips and a total
revenue of Dh562 million in the first quarter of 2024, increasing by 8.1 per cent
year-on-year which is the highest Q1 revenue-generating trips since its
inception in 2007.
“This is an important step in our strategic evolution to become a global leader
in sustainable and smart mobility solutions and is in line with our ambition to
build out ancillary revenue streams as a long-term growth lever. Salik is
ideally placed to deliver this innovative and convenient solution, which
eliminates the need for gates or barriers, helping to minimise congestion,”
said Ibrahim Sultan Al Haddad, CEO of Salik Company.
“For us, this is only the beginning, and we look forward to building on the
successes of this initiative to expand our offering to other locations,” he
added.

https://www.khaleejtimes.com/uae/dubai-mall-paid-parking-fees-to-be-deducted-from-salik-
account