Under the directives of Maktoum bin Mohammed

Inclusion of Salik on the Dubai Financial Market during the coming period

• The Salik toll system is a major infrastructure asset in Dubai.

  Photography: Ashok Verma

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Under the directives of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, the Dubai Capital Markets and Exchange Development Committee, chaired by His Highness, announced its intention to include the “Salik” traffic toll system in the Dubai Financial Market, as part of its strategy Seeking to list a group of major successful government and semi-governmental companies, with the aim of doubling their value to reach three trillion dirhams during the coming period.

adopt the plan

His Highness said in a tweet on Twitter: "In the Dubai Financial Markets and Exchange Development Committee, we approved a plan to include the traffic tariff system (Salik) in the Dubai Financial Market."

His Highness added: "The Salik system is successful, and investing in it holds great opportunities, and the goal is to diversify the government companies that we list in the market, in order to achieve the best return for investors within our markets."

head origin

The Salik toll system, which was introduced by Dubai for the first time in the country and the region in 2007, is one of the main infrastructure assets in the emirate. It is also one of the pioneering projects that provided a unique model in supporting infrastructure development efforts, which is the distinguishing feature of Dubai.

Salik's distinction as a successful investment project is due to the advanced technology that it relied on, and the permanent economic and civilizational growth that Dubai is witnessing.

Enhance market performance

The inclusion of successful companies and institutions at the operational and financial levels, to contribute to enhancing market performance and enhancing investor confidence, within a stimulating investment climate, to ensure the consolidation of Dubai's position as a center for business and finance in the region.

The great diversity of companies offered by the Dubai government in the financial markets will provide great and diversified opportunities for investors in all sectors, within an economic environment that is witnessing stability and steady growth.

"Salik" .. facts and figures

The Salik toll system, launched by the Roads and Transport Authority in Dubai, aims to regulate the traffic process, reduce traffic congestion, encourage the use of public transportation and use alternative roads.

The statistics of vehicles and traffic density in Dubai reflect the promising future of the project, especially in light of the high pace of development plans in the emirate in preparation for the next phase.

The number of vehicles registered in the emirate has witnessed a steady increase over the past years, as the number of vehicles registered with the "Salik" toll system has reached three million, including 1.8 million vehicles registered in Dubai.

There are currently eight Salik gates: Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar (south), Al Mamzar (north), Al Safa, the airport tunnel, and Jebel Ali.

• 3 million vehicles registered in the "Salik" system, of which 1.8 million are registered in Dubai.

• The inclusion of successful companies and institutions at the operational and financial levels, which enhances the performance of the market, thus consolidating Dubai's position as a financial and business center in the region.

• The distinction of "Salik", a successful investment project, due to the advanced technology that it relied on, and the permanent economic and civilizational growth that Dubai is witnessing.

Maktoum bin Mohammed:

• “The (Salik) system is successful, and investing in it holds great opportunities.”

• «Diversification of government companies that we list in the market, in order to achieve the best return for investors within our markets».

A comprehensive development vision for the financial markets and stock exchanges in Dubai

The strategy of the Higher Committee for the Development of Capital Markets and Exchanges in Dubai is based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed at making a qualitative leap in the financial markets in the Emirate of Dubai, to enhance its economic competitiveness.

The committee aims to formulate a comprehensive development vision for the financial markets and stock exchanges in Dubai, and to consolidate the leadership position that Dubai enjoys, as one of the most active financial markets at the regional and global levels.

The committee’s development vision works to include governmental and semi-governmental institutions and companies with strong economic and financial performance in the financial markets, to develop innovative financial solutions and tools, and structural changes in the working mechanisms of the financial system as a whole, in addition to investing in modern financial technologies.

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