The first quarter revenue of Dh562 million was generated by 122.8 million cars passing through the eight toll gates operated by Salik Company PJSC, the exclusive toll gate operator in Dubai. This represents an increase of 8.1% over the same period last year.
On Monday, the business disclosed its Q1 2024 revenues.
Due to the ongoing closure of the nearby Floating Bridge and the diversion of traffic through the gate, the number of revenue-generating trips (excluding paid taxi trips) through the Al Maktoum Bridge gate increased by 49.0% YoY (year over year) during the first quarter of 2024.
Similar to this, Al Garhoud Bridge saw a 9.1% YoY increase in the number of revenue-generating trips (apart from paid taxi trips). In the first quarter, Salik’s revenue-generating trips climbed 5.3% YoY when the Al Maktoum and Al Garhoud Bridges were excluded.
Several gates experienced robust growth in the first quarter, with Jebel Ali recording double-digit growth (+c12%) and other gates, like Airport Tunnel and Al Mamzar North (+c.8%), experiencing high single-digit growth.
Through the implementation of a barrier-free paid parking system at Dubai Mall, which is anticipated to go online by the third quarter of 2024, Salik is also expanding its ancillary revenue streams.
In addition, Salik is investigating “further enhancing offerings that are payable through Salik accounts, in addition to other supplemental revenue streams, such as advertising and the possible monetization of data with mobility players.”
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