Alleviating Congestion and Enhancing Road Efficiency
Dubai, January 19, 2024 – Salik, the renowned road toll operator in Dubai, is poised to expand its network with the introduction of two additional toll gates. Located strategically at the Business Bay Crossing on Al Khail Road and Al Safa South on Sheikh Zayed Road, these new installations are a strategic move to streamline traffic and reduce congestion on some of Dubai’s busiest thoroughfares.
Strategic Placement for Optimal Traffic Management
The selection of the new toll gate locations was based on meticulous traffic movement studies conducted by Dubai’s Roads and Transport Authority (RTA). The aim is to enhance the flow of vehicles and manage the traffic volume more effectively. The introduction of these gates is predicted to alleviate congestion by up to 15 percent on Al Khail Road and up to 16 percent on Al Rabat Street. It is also expected to reduce the traffic turning right from Sheikh Zayed Road to Meydan Street significantly.
A Step Towards Dubai’s Urban Plan 2040
These developments resonate with the ambitious Dubai Urban Plan 2040, which envisions sustainable and efficient urban expansion. The integration of the new toll gates is a leap forward in actualizing this vision by optimizing travel times and diminishing traffic blockages, ultimately facilitating smoother transit for the city’s commuters.
Salik’s Growth Post-IPO
Following its successful Initial Public Offering (IPO) in September 2022 and its listing on the Dubai Financial Market (DFM), Salik has shown commendable performance. The company’s stock has witnessed appreciable growth, reflecting investor confidence in its strategic direction and operational effectiveness. The upcoming toll gates, slated to be operational by November 2024, mark the first significant expansion of Salik’s network since its IPO.
Impact on Revenues and Mobility
Salik’s management has assured that detailed updates regarding the impact of the new toll gates on the company’s revenues, EBITDA, and financial statements will be provided. This information will be shared post-completion of in-depth traffic analyses and finalization of agreements with the RTA. The overarching goal of these developments is to bolster overall mobility within Dubai and to enhance the quality of travel for its residents and visitors.
The expansion of Salik’s toll gate system in Dubai is a testament to the city’s proactive approach in addressing urban transport challenges. By implementing advanced infrastructure and leveraging technology, Dubai continues to enhance the quality of life for its citizens and ensure that the city remains at the forefront of sustainable urban development. With the new toll gates, Salik reaffirms its commitment to contributing significantly to Dubai’s growth story.
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