Dubai's exclusive toll road operator, Salik Company PJSC, has announced its financial results for the first quarter of the year, reporting a total revenue of AED 562 million. During the period from January to March, a staggering 1.228 billion vehicles passed through its eight toll gates, marking an 8.1% year-on-year increase in revenue.
Furthermore, the company forecasts a growth in annual revenue of 4% to 6% for the year 2024. This optimistic outlook is attributed to the anticipated launch of two new toll gates in Dubai—Business Bay Crossing and Al Safa South toll gates—scheduled to commence operations by the end of November this year.
In addition to toll collection, Salik is diversifying its revenue streams by introducing supplementary income sources. One such initiative includes the implementation of barrier-free payment parking systems, set to be operational in Dubai shopping centers by the third quarter of 2024.
Salik is also exploring additional revenue avenues by introducing a range of products that can be purchased directly through Salik accounts, as well as other ancillary income streams such as advertising and potential monetization of mobile player data.
These strategic initiatives demonstrate Salik's commitment to enhancing its revenue generation capabilities while providing innovative solutions to cater to the evolving needs of Dubai's transportation infrastructure. With a robust growth forecast and promising expansion plans on the horizon, Salik remains poised for continued success in the region's toll road sector.
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