Dubai’s toll gate operator, Salik, reported a significant increase in revenue for 2024, reaching AED 2.3 billion, up 8.7% from the previous year. This growth was driven by increased toll usage and a higher number of fines issued. The company’s profits also rose by 6.7% to AED 1.279 billion. Revenue from fines grew by 9.3% to AED 236.9 million, with a notable increase of 14.5% in the fourth quarter. The introduction of two new toll gates, Business Bay and Al Safa South, contributed to this success, taking the total number of gates to 10.
Salik implemented variable road toll pricing in Dubai from January 31, 2025, with tolls increasing to AED 6 during peak hours and remaining at AED 4 during off-peak hours. This strategy aims to reduce congestion and enhance traffic flow. The company’s strategic partnerships, including a parking solution with Emaar Malls, have been instrumental in expanding revenue streams and enhancing the user experience.
In 2024, Salik’s toll usage fee revenues grew over 8% to AED 1.99 billion, compared to AED 1.84 billion in the previous year. The company’s performance was bolstered by a robust fourth quarter, with revenue-generating trips increasing by 8% year-on-year. Salik’s CEO, Ibrahim Sultan Al Haddad, expressed optimism about the positive trends in Dubai’s economy, which support the company’s growth and vision.
Looking ahead to 2025, Salik has revised its forecast upward, projecting revenue growth of 28 to 29% compared to FY24, alongside an EBITDA margin of 68 to 69%. This growth will be supported by the implementation of variable pricing and contributions from the new toll gates. Additionally, Salik’s parking partnership with Emaar Malls generated AED 5.8 million in revenue last year, further diversifying its income streams.
Salik’s commitment to innovative solutions and strategic partnerships positions it as a leader in providing sustainable and smart mobility solutions. The company’s focus on enhancing road user experience and expanding revenue streams aligns with Dubai’s broader economic goals, ensuring continued growth and success in the future.
