Dubai road toll revenue hits $153m as tourism flourishes

Salik/X

Revenue generated by Dubai’s road toll operator Salik rose 8 percent year on year to AED562 million ($153 million) in the first quarter of 2024, as the number of tourists to the city continues to rise.

There were 122 million revenue-generating trips through eight toll gates in the first three months of the year.

Net profit edged up nearly 1 percent year on year to AED277 million, despite a 9 percent corporate tax coming into effect this year.

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Profit before tax was AED305 million, an increase of 11 percent year on year.

Salik generated free cash flow of AED354 million in the first quarter.

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Salik cited the increase in the number of tourists to Dubai has been cited as one of the factors in revenue growth.

Last week the Dubai Department of Economy and Tourism announced at the annual Arabian Travel Market that the number of visitors to the emirate rose 11 percent to 5.2 million in the first three months of 2024.

Salik expects its full-year 2024 revenue-generating trips to increase in the range of 4 to 6 percent year on year.

“We continue to thrive in our core tolling business and remain focused on diversifying our portfolio through the expansion of ancillary revenue streams,” said Mattar Al Tayer, chairman of Salik.

Al Tayer added that two new gates are expected to be operational in Dubai by November.