Salik, the leading toll gate operator in Dubai, has announced its financial results for the year 2024, reporting a remarkable revenue of AED 2.3 billion. This achievement marks a significant growth of 8.7% compared to the previous year, demonstrating the company's unwavering commitment to excellence and its strategic vision for sustainable growth.
*Revenue Growth Drivers*
The impressive revenue growth can be attributed to several key factors, including:
1. *Increased Traffic Volume*: The growing population and economic development in Dubai have led to an increase in traffic volume, resulting in higher toll revenues.
2. *Expansion of Toll Gates*: Salik has continued to expand its toll gate network, with the addition of new gates and the upgrade of existing ones, providing more convenient and efficient services to motorists.
3. *Enhanced Payment Systems*: The company has invested in advanced payment systems, including the introduction of automatic payment systems and mobile apps, making it easier for motorists to pay their tolls.
4. *Strategic Partnerships*: Salik has formed partnerships with key stakeholders, including the Dubai Roads and Transport Authority (RTA), to enhance the overall transportation experience in Dubai.
*Operational Highlights*
Salik's operational highlights for 2024 include:
1. *Toll Revenue*: The company reported a toll revenue of AED 2.2 billion, representing an 8.5% growth compared to the previous year.
2. *Transaction Volume*: Salik processed over 1.2 billion transactions in 2024, a 10.2% increase compared to the previous year.
3. *Customer Base*: The company's customer base grew by 12.1% to over 4.5 million registered users.
*Financial Performance*
Salik's financial performance for 2024 was marked by:
1. *Revenue Growth*: The company reported a revenue growth of 8.7% to AED 2.3 billion.
2. *EBITDA Margin*: Salik maintained a healthy EBITDA margin of 73.2%, demonstrating the company's operational efficiency.
3. *Net Profit*: The company reported a net profit of AED 1.4 billion, representing a growth of 9.2% compared to the previous year.
*Outlook and Future Plans*
Looking ahead, Salik is committed to continuing its growth trajectory and enhancing its services to meet the evolving needs of motorists in Dubai. The company plans to:
1. *Expand its Toll Gate Network*: Salik will continue to expand its toll gate network, with a focus on improving traffic flow and reducing congestion.
2. *Enhance Payment Systems*: The company will invest in advanced payment systems, including the introduction of new technologies and mobile apps.
3. *Strengthen Partnerships*: Salik will continue to strengthen its partnerships with key stakeholders, including the RTA, to enhance the overall transportation experience in Dubai.
*Conclusion*
Salik's impressive financial results for 2024 demonstrate the company's commitment to excellence and its strategic vision for sustainable growth. With its strong operational performance, robust financials, and exciting future plans, Salik is well-positioned to continue its growth trajectory and remain a leading player in the toll gate industry.
Salik UAE is an electronic toll collection system in Dubai that facilitates smooth traffic flow on the city's roads. The system, which means "clear and moving" in Arabic, was launched on July 1, 2007, by the Dubai Roads and Transport Authority (RTA) ¹.
*How Salik Works*
Salik uses Radio Frequency Identification (RFID) technology to automatically deduct toll fees from a prepaid account when a vehicle passes through a toll gate. The system requires a Salik tag, which is a sticker that must be affixed to the windshield of the vehicle ².
*Salik Fees and Charges*
The Salik fee is AED 4 during off-peak hours and AED 6 during peak hours. Peak hours are from 6:00 am to 10:00 am and 4:00 pm to 8:00 pm, Sunday to Thursday. On Fridays and public holidays, the off-peak rate applies ².
*Salik Gates and Locations*
There are currently 10 Salik gates located throughout Dubai, including:
- _Al Barsha_
- _Al Garhoud Bridge_
- _Business Bay Crossing_
- _Al Maktoum Bridge_
- _Al Mamzar South_
- _Al Mamzar North_
- _Al Safa South_
- _Al Safa North_
- _Airport Tunnel_
- _Jebel Ali_ ²
*Exemptions and Fines*
Certain vehicles are exempt from paying Salik fees, including military vehicles, ambulances, police vehicles, and public buses. Failure to pay Salik fees or violating Salik rules can result in fines, ranging from AED 50 to AED 400 ².
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