Salik Company PJSC: Paving the Way for Traffic Optimization with New Toll Gates

Salik Company PJSC, Dubai's exclusive toll gate operator, announces the construction of two new toll gates aimed at reducing traffic congestion and optimizing traffic flow.

Salik Company PJSC: Paving the Way for Traffic Optimization with New Toll Gates

Summary

Salik Company PJSC is set to construct two new toll gates, expanding its current network from eight to ten. The new gates are expected to reduce traffic congestion by up to 15% on Al Khail Road and traffic volume by up to 16% on Al Rabat Street. The company's growth plan and partnership with the Roads and Transport Authority (RTA) underpin this development.

Salik Company PJSC, Dubai's sole toll gate operator, has announced plans to construct two new toll gates at Business Bay Crossing and Al Safa South. These additions will increase the total number of toll gates in the city from eight to ten. Expected to be operational by November 2024, these new gates aim to reduce traffic congestion and optimise traffic flow. According to traffic studies, the new gates could reduce traffic congestion by up to 15% on Al Khail Road, and traffic volume by up to 16% on Al Rabat Street. Salik will oversee the construction, operation, and maintenance of the toll gates and hold the exclusive right to operate them until June 2071. This initiative is part of Salik's growth plan and partnership with the Roads and Transport Authority (RTA). With a market cap of 25,875,000,000, Salik has demonstrated steady growth with a 3-month yield of 0.16% and a 1-month yield of 0.1%. This latest announcement signals the company's commitment to improving infrastructure and traffic management in Dubai, which could potentially attract more investors. Given the company's exclusive rights to operate toll gates in Dubai and its proactive approach to addressing traffic issues, Salik presents an optimistic future outlook. The company's expansion plans, coupled with its exclusive operations and steady yields, make it a compelling investment opportunity. Therefore, it is recommended for investors to consider buying into Salik Company PJSC.

Source

Press Release - Salik To Build Two New Toll Gates in Dubai. To Optimise Traffic Flow, Further Contributing to Growth

Summary

Salik Company, Dubai's exclusive toll gate operator, will build two new toll gates at Business Bay Crossing and Al Safa South, increasing the total number of toll gates in the city from eight to ten. The new gates, expected to be operational by November 2024, aim to reduce traffic congestion and optimise traffic flow. According to traffic studies, the new gates could reduce traffic congestion by up to 15% on Al Khail Road, and traffic volume by up to 16% on Al Rabat Street. The addition of the new gates is part of Salik's growth plan and partnership with the Roads and Transport Authority (RTA). Salik will oversee the construction, operation, and maintenance of the toll gates and hold the exclusive right to operate them until June 2071.

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