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Salik records best-ever Q3 performance with over 110.8 million revenue-generating trips

The firm repeats its full-year financial guidance and anticipates revenue-generating trips to rise 9-10 percent compared to 2022.

The firm repeats its full-year financial guidance and anticipates revenue-generating trips to rise 9-10 percent compared to 2022.

In a remarkable achievement, Salik, the toll collection system in Dubai, has reported its highest-ever performance in the third quarter of 2023, surpassing records since its initiation in 2007. 

The impressive figures were disclosed in a statutory filing on the Dubai Financial Market (DFM), highlighting the system’s resilience and growth.

Stellar Q3 Numbers: Over 110.8 Million Revenue-Generating Trips

Salik’s Q3 2023 performance showcased outstanding results, with more than 110.8 million revenue-generating trips during this period. This accomplishment signifies a significant milestone for Salik, reflecting its integral role in managing traffic flow and contributing to the financial landscape of Dubai.

Robust Year-on-Year Growth: Revenues Reach AED509 Million

The financials revealed in the DFM filing indicated a robust year-on-year growth of 14.2 percent. Salik’s revenues for the third quarter amounted to AED509 million ($138.6 million). 

This substantial increase underscores the system’s effectiveness and popularity, aligning with Dubai’s commitment to smart infrastructure and efficient urban management.

Salik’s Evolution: A Pillar of Dubai’s Transportation Infrastructure

Since its inception in 2007, Salik has evolved into a crucial component of Dubai’s transportation infrastructure, playing a pivotal role in managing traffic congestion and promoting smoother traffic flow. The latest financial results affirm its continued success and the positive impact it has on both the city’s mobility and its financial landscape.

As Salik continues to set new records and contribute significantly to Dubai’s urban planning and development, its success serves as a testament to the city’s commitment to embracing innovative solutions for sustainable and efficient urban living.

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