Salik, Dubai’s road toll operator, has revised its revenue growth projections upwards to 7-8% for 2024, driven by the addition of two new toll gates expected to be operational by November. The company’s decision to expand its tolling network comes as part of a broader strategy to boost revenues and enhance its market presence.
In the first half of 2024, Salik reported a strong financial performance with a net profit of AED 544.8 million, marking a 9.2% increase from the previous year. This robust growth is attributed to the efficient management of existing toll gates and the introduction of ancillary services, such as a barrier-free parking payment solution at Dubai Mall in collaboration with Emaar Malls.
The company’s latest expansion initiative includes the installation of toll gates in strategically important locations within Dubai, aimed at managing traffic flow and increasing revenue streams. These new gates are expected to contribute significantly to Salik’s financial performance in the latter half of the year.
Salik’s revised revenue guidance reflects the anticipated positive impact of these developments, along with other adjustments in its operational strategy. As the company moves forward with its expansion plans, it continues to emphasize sustainability and ethical business practices, having joined the United Nations Global Compact in July 2024.
This strategic shift not only reinforces Salik’s leadership in Dubai’s transportation sector but also aligns with the city’s broader goals of enhancing infrastructure and mobility services. As these new toll gates come online, Salik is poised to further cement its role as a key player in the region’s road tolling industry.
