SALIK COMPANY P.J.
SALIK
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Dubai's RTA Partners with Salik to Launch Two New Toll Gates by 2024
Salik to install two toll gates in Dubai by 2024, aiming to reduce traffic congestion and boost revenue through smart infrastructure.
January 22, 2024 at 1:04:00 PMScore: 78
Dubai’s Roads and Transport Authority (RTA) has entrusted Salik Company with constructing two new toll gates aimed at streamlining traffic and reducing congestion. Located at Business Bay Crossing on Al Khail Road and Al Safa South on Sheikh Zayed Road, the gates will redirect traffic to less crowded routes, enhancing travel efficiency. Slated to open by November 2024, this expansion will raise Salik’s toll gate count in Dubai from eight to ten. CEO Ibrahim Sultan Al Haddad emphasized alignment with Dubai’s Urban Plan 2040, focusing on sustainable mobility. Salik will manage construction, operations, and maintenance until 2071, securing long-term revenue growth. The firm also recently partnered with Careem for Salik tag delivery via Careem Quik.
Recommended Actions
- Monitor Salik stock for post-construction performance
- Consider holding shares for long-term infrastructure gains
- Track public reception of new toll gates
- Evaluate partnership synergies (e.g., Careem collaboration)
- Assess alignment with Dubai's Urban Plan 2040 investments
Positive Aspects
- Enhanced traffic optimization
- Revenue growth from toll operations
- 30-year operational contract stability
Negative Aspects
- Potential short-term traffic disruptions during construction
- Public resistance to new tolling systems
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