Business

Salik IPO: Top Dubai official lists out 3 reasons why you should invest in road toll operator

The business presently takes care of 8 toll gateways, along with any kind of brand-new ones in the future

Mattar Mohammed Al Tayer, Chairman of the Board of Supervisors of Salik, stated the business determined to note its shares in the Dubai Financial Market to guarantee its lasting accessibility to funding markets as well as permit capitalists to purchase exceptional properties.

In a meeting with the Emirates Information Company (WAM), Al Tayer stated that using Salik shares in the Dubai Financial Market belongs to the privatisation program released by the emirate, along with its strategy to increase the worth of Dubai’s economic markets as well as stock market to Dh3 trillion, in accordance with the vision of His Highness Sheikh Mohammed container Rashid Al Maktoum, Vice Head Of State, Head Of State as well as Leader of Dubai.

He after that highlighted 3 significant factors for Salik’s financial investment beauty.

To start with, the business is the unique driver of Dubai’s automated roadway toll collection system which presently takes care of 8 gateways, along with any kind of brand-new gateways in the emirate with a giving in contract lasting 49 years.

The 2nd factor is the business’s service design, which is qualified by its reduced capital investment as well as cash money transfer margins, which is the very best in its service classification. The 3rd factor is the numerous chances readily available for the business to broaden in the UAE as well as abroad, which will certainly add to raising its dimension, procedures as well as tasks.

Any type of choice to broaden the roadway toll system or include additional gateways will certainly depend upon the end results of the transportation approach being frequently modified by Dubai’s Roadways as well as Transfer Authority (RTA), Al Tayer included.

Salik presently possesses 8 gateways dispersed along Sheikh Zayed Roadway, which is the artery of the web traffic in Dubai, along with on Al Garhoud Bridge, Al Maktoum Bridge, Al Ittihad Roadway as well as the Airport Terminal Passage, which aid promote the motion of 3.6 million signed up cars, he additionally included, keeping in mind that 481 million trips were signed up with Salik’s gateways in 2014, whether they were visitors seeing Dubai’s traveler destinations or citizens relocating in between the emirate’s areas to execute their everyday tasks.

The business’s future efficiency is anticipated to rely upon its added development possibility based upon the favorable outcomes of its existing tasks, consisting of advertising and marketing solutions as well as accomplishing web traffic motion statistics-related incomes, along with offering working as a consultant solutions to federal governments wanting to take on toll entrance systems, he kept in mind, worrying that the business prioritises financial investment in modern technology to preserve its innovation-based management.

Dubai’s roadways as well as transportation framework is the foundation of its financial growth, he described, attesting that Dubai is among the fastest expanding cities worldwide, as well as its transportation as well as framework field plays a crucial duty in the emirate’s growth as well as improving its international stature as an organization center.

The Salik system supplies a practical electronic remedy for gathering web traffic tolls, with the capability to fit Dubai’s expanding populace, which is anticipated to climb from 3.3 million individuals in 2020 to 8.5 million individuals in 2040, Al Tayer stated to conclude.

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