01 Jul 2022
The word Salik in Arabic means “clear and moving” is the name given to the electronic toll road system within Dubai, through which a fixed fee is automatically deducted while passing under the toll gate. The Salik fee was introduced by the Dubai Roads and Transport Authority (RTA) in Dubai on July 1, 2007.
A prepaid card of AED 100 must be purchased by all motorists and should be affixed on the windshield of every vehicle. Each time the vehicle passes through the toll gate an AED 4 will be deducted from their account.
The Deputy Ruler of Dubai and Deputy Prime Minister of and Minister of Finance of the UAE, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum tweeted that Dubai has planned to list the Salik road toll system on the Dubai Financial Market. He also said that Dubai has taken steps to diversify publicly traded companies that are listed on the market.
Salik became the second contender proclaimed in the last month among the 10 government and state-owned companies expected to be listed under a plan to enhance stock market operations. The Salik road toll system was introduced to reduce traffic congestion on the Sheikh Zayed Highway and to boost the state revenue.
The latest move is aimed at making Dubai a more modest market compared to larger regional exchanges, which have a larger listing and high liquidity, analysts say.
From the available sources, it has come to know that the reputable brands which are developed by the government such as Emirates airlines, dnata, Roads and Transport Authority, flydubai, and Jumeirah will be the other potential candidates that are going to list on Dubai Financial Markets.
Initially, there were only two toll gates, but now there are eight toll gates and around three million vehicles are registered. Out of these three million registered vehicles, 1.8 million vehicles were registered in Dubai.
The eight Salik toll gates are located at Al Garhoud, Al Safa, Al Maktoum, Al Barsha, Al Mamzar South, AL Mamzar North, Airport Tunnel, and Jebel Ali.
The use of this system allows the free flow of traffic and the vehicles need not to stop and pay in cash like at other traditional toll gates. If you have any legal queries about the latest amendments in UAE visit our official website.