The Year in Review

10 Toll gates
13.4 %
2020‑2024 Revenue Generating Trips CAGR
68.9 %
FY2024 EBITDA margin
4.4 million
Registered vehicles as of 31 December 2024
49 years
Concession duration (From 1 July 2022)
0.3 %
FY2024 capital expenditure‑to‑revenue
638.2 million
FY2024 total trips
AED 2.3 billion
FY 2024 revenue
63.6 %
FY2024 free cash flow margin

2 new toll gates

In January 2024 Dubai's Roads and Transport Authority (RTA) instructed the Company to install two new toll gates to improve traffic flow and reduce congestion on key routes. Strategically located at Business Bay Crossing on Al Khail Road and Al Safa South on Sheikh Zayed Road, these toll gates aim to divert traffic onto alternative routes with greater capacity. The gates, which became operational in November 2024, expand Salik’s toll network from eight to ten gates.

The new seamless toll gates are expected to reduce congestion by up to 16%, according to RTA estimates.

Both new toll gates are nearly 90% solar‑powered, a first for Salik and a significant achievement in the Company’s ongoing focus on sustainability. This milestone aligns with Dubai's sustainable development goals and underscores Salik’s commitment to advancing green energy as part of its growth agenda.

Salik repayment plan with the RTA
AED 455.7 million
per annum over six years from November 2024

Dynamic pricing

From the end of January 2025 and in accordance with the RTA, we have introduced variable pricing on our toll roads in order to further improve transportation efficiency across the city by incentivising drivers to travel off peak. The new pricing model is expected to generate an additional revenue between AED 60 million and AED 110 million on an annual basis.

New barrier‑free parking at Dubai mall

Salik introduced a barrier‑free parking payment system at the world‑famous Dubai Mall, operational since 1 July, 2024, across the Fashion, Grand, and Cinema parking zones. Salik’s technology uses vehicle plate recognition to automatically deduct parking fees from Salik accounts, in accordance with Dubai Mall's business rules. The agreement period is for five years.

Marking another significant milestone for 2024, Salik expanded beyond Dubai for the first time through a strategic partnership with Parkonic, the UAE's largest private parking operator. This collaboration will see Salik’s eWallet system integrated across 107 existing as well as future Parkonic locations, supporting the UAE’s smart city initiatives and enhancing ancillary revenue streams with seamless parking payment solutions, set to launch in early 2025.