December 9, 2021

Dubai Week

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Under the guidance of Maktoum bin Mohammed ... "Salik" List in the Dubai Financial Market

Under the guidance of Maktoum bin Mohammed … “Salik” List in the Dubai Financial Market

Dubai (WAM)

On the orders of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Governor, Deputy Prime Minister and Minister of Finance of Dubai, the Dubai Financial Markets and Exchange Development Committee, headed by its top chairman, announced the addition of “Salik”. The Traffic Toll System in the Dubai Financial Market, as part of its strategy, seeks to include a group of one of the most successful government and quasi-government entities, with the aim of doubling its value to reach 3 trillion dirhams in the near future.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said in a tweet on Twitter: “We have approved within the Dubai Financial Markets and Exchange Development Committee a plan to add transport tariffs (salik) to Dubai financial markets. The goal is to diversify the government companies we list in the market in order to achieve better returns for investors within our markets.
Improving infrastructure
Launched by Dubai in 2007 for the first time in the country and region, the Salik Dole system is one of the Emirate’s key infrastructure assets and one of the pioneering projects that has provided a unique model of infrastructure development. Efforts, this is the unique feature of Dubai. Salik’s uniqueness as a successful investment project is due to the advanced technology it relied on and the sustainable economic and civilization that Dubai will witness.
The inclusion of successful companies and firms in operational and financial positions contributes to improving market performance and increasing investor confidence, which ensures Dubai’s position as a business and financial hub in the region in an encouraging investment environment.
The financial diversity, stability and sustainable growth of companies offered by the Dubai Government in the financial markets provides excellent and diversified opportunities for investors in all sectors.

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3 million vehicles
Launched by the Roads and Transport Authority of Dubai, the “Salik” toll system regulates traffic, reduces traffic congestion and promotes the use of public transport and alternative roads. Statistics on vehicles and traffic density in Dubai reflect the project’s promising future, especially in light of high-speed development projects in the emirate in preparation for the next phase. The number of vehicles registered at the Emirate has seen a steady increase over the past year, and the number of vehicles registered under the “Salik” toll system has reached 3 million, including 1.8 million vehicles registered in Dubai. The number of Salik gates is currently eight: Al Barsha, Al Garhoud, Al Maktoum, Al Mamsar (south), Al Mamsar (north), Al Safa, Airport Tunnel and Jebel Ali.