Salik pushes into parking payments under new five-year deal
Dubai: Salik is expanding the use of its payment platform beyond Dubai’s toll gates, with parking payments and other future mobility services among the areas supported under a renewed five-year technology partnership with US-based TransCore. Salik, the exclusive operator of Dubai’s road toll gates, said the renewed agreement will…
Dubai's road toll operator Salik is broadening the scope of its payment platform under a renewed five-year deal with US firm TransCore. The agreement, which extends an 18-year partnership, will facilitate the use of Salik's technology for parking payments and additional mobility services. The financial impact of the renewed contract is projected to remain relatively stable, with annual operating expenses anticipated to stay within 5% to 5.5% of total annual revenues.
Over the next five years, Salik aims to harness artificial intelligence, advanced technologies, and digital solutions to bolster operational efficiency and system performance, while also expanding its application across a wider range of mobility services.
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