Plans unveiled to list Salik road toll system on Dubai Financial Market
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Plans unveiled to list Salik road toll system on Dubai Financial Market

Plans unveiled to list Salik road toll system on Dubai Financial Market

There are currently eight Salik toll gates in the city, with three million vehicles registered in the system

Salik Toll gate Dubai

The Dubai Securities and Exchange Higher Committee announced its intention to list the city’s toll road system, Salik, on the Dubai Financial Market (DFM).

The Salik system is one of Dubai’s leading infrastructure assets, and was introduced by the Roads and Transport Authority (RTA) in 2007.

There are eight Salik toll gates located at Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali.

It aims to reduce traffic congestion, encourage the use of public transportation and the use of alternative roads.

The number of vehicles registered in the Salik toll system is three million, out of which 1.8 million are registered in Dubai.

The decision to list the Salik system was made as per the directives of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.

The intended listing on DFM is part of the Dubai Securities and Exchange Higher Committee’s strategy to increase the size of the stock market in the Emirate to Dhs3 trillion.

Earlier this month, has announced the listing of 10 government and state-owned companies on the Dubai Financial Market (DFM) as part of accelerating new listings in various sectors including energy, logistics and retail. At the time, Sheikh Maktoum also announced the formation of a Dubai Markets Supervisory Committee and specialised courts for capital markets in the emirate.

Read: Dubai announces listing of 10 govt, state-owned companies on DFM

The Dubai government also announced this month plans to list utility Dubai Electricity and Water Authority (DEWA) in the “coming months”. The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years.

Read also: Dubai announces plans to list utility DEWA in the ‘coming months’

Apart from state-owned entities, Dubai also plans to encourage private and family-owned businesses to list on its stock market.

Read more: Dubai to encourage IPOs from private firms to revive market

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