Business

Salik to maintain long-term access to capital markets: Mattar Al Tayer

Salik chairman highlights 3 significant factors for Salik’s financial investment good looks

Mattar Mohammed Al Tayer, chairman of the board of supervisors of Salik, claimed the firm determined to detail its shares in the Dubai Financial Market to guarantee its long-lasting accessibility to funding markets as well as enable financiers to purchase exceptional properties.

In a meeting with the Emirates Information Firm (Wam), Al Tayer claimed that using Salik shares in the Dubai Financial Market belongs to the privatisation program introduced by the emirate.

He claimed it is additionally component of the 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-President as well as Head Of State of the UAE as well as Leader of Dubai.

Al Tayer highlighted 3 significant factors for Salik’s financial investment good looks.

To start with, the firm is the special driver of Dubai’s automated roadway toll collection system which presently takes care of 8 entrances, along with any type of brand-new entrances in the emirate via a giving in contract lasting 49 years.

The 2nd factor is the firm’s organization design, which is qualified by its reduced capital expense as well as cash money transfer margins, which is the most effective in its organization classification.

The 3rd factor is the lots of possibilities readily available for the firm to broaden in the UAE as well as abroad, which will certainly add to boosting its dimension, procedures as well as tasks.

” Any type of choice to broaden the roadway toll system or include additional entrances will certainly depend upon the results of the transportation method being frequently modified by Dubai’s Roadways as well as Move Authority (RTA),” Al Tayer claimed.

Salik presently possesses 8 entrances 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 even more claimed that 481 million trips were signed up via Salik’s entrances in 2015, whether they were visitors checking out Dubai’s vacationer destinations or locals relocating in between the emirate’s areas to execute their day-to-day tasks.

” The firm’s future efficiency is anticipated to depend on its extra development possibility based upon the favorable outcomes of its existing tasks, consisting of marketing solutions as well as accomplishing web traffic motion statistics-related incomes, along with offering working as a consultant solutions to federal governments desiring to embrace toll gateway systems,” Al Tayer kept in mind, worrying that the firm prioritises financial investment in modern technology to keep its innovation-based management.

Dubai’s roadways as well as transportation framework is the foundation of its financial growth, he described, verifying that Dubai is among the fastest expanding cities worldwide, as well as its transportation as well as framework market plays a crucial function in the emirate’s growth as well as improving its international stature as a service center.

” The Salik system uses a practical electronic service 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 claimed.– Wam

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