After years of practicing in Al Ain, Yas Marina Circuit and Dubai Autodrome, Al Jaeedi decided to take another hobby into action
uae15 hours ago
Dubai Mall parking fees will be deducted from Salik user accounts, Dubai’s toll gate operator announced Wednesday. The company said its barrier-free parking payment solution will be operational at the mall across the Fashion, Grand and Cinema parking zones from July 1.
Zabeel and Fountain Views parking locations will remain complimentary. Once the new system is implemented, motorists will enjoy free parking for four hours during the weekdays and for six over the weekends. Charges ranging from Dh20 to Dh1,000 apply after, for four to 24 hours.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
“Salik’s technology will be deployed to enable a smooth, barrier-free parking experience for mall visitors. (The) … solution will feature automatic fee collection for ticketless parking, using vehicle plate recognition to deduct fees, if applicable, from Salik user accounts,” Salik said in a press statement.
The company will operate the parking payment solution at Dubai Mall for five years from July 1.
Under the agreement between the two companies, Salik is responsible for designing, financing, developing, installing and managing the parking payment collection system, while Dubai Mall provides the required local infrastructure, office space and car park maintenance across 13,000 spaces in the mall.
Salik has 4.1 million vehicles registered in its database, covering nearly 90 per cent of vehicles operating in the UAE.
The company recorded 122.8 million revenue-generating trips and a total revenue of Dh562 million in the first quarter of 2024, increasing by 8.1 per cent year-on-year which is the highest Q1 revenue-generating trips since its inception in 2007.
“This is an important step in our strategic evolution to become a global leader in sustainable and smart mobility solutions and is in line with our ambition to build out ancillary revenue streams as a long-term growth lever. Salik is ideally placed to deliver this innovative and convenient solution, which eliminates the need for gates or barriers, helping to minimise congestion,” said Ibrahim Sultan Al Haddad, CEO of Salik Company.
“For us, this is only the beginning, and we look forward to building on the successes of this initiative to expand our offering to other locations,” he added.
ALSO READ:
After years of practicing in Al Ain, Yas Marina Circuit and Dubai Autodrome, Al Jaeedi decided to take another hobby into action
uae15 hours ago
Annual educational fees total Dh40,000, with additional Dh40,000 for therapy services, varying based on individual needs
uae15 hours ago
The exhibition, titled Eternal Letters: Qur’an Manuscripts from the Abdul Rahman Al Owais Collection, spans over 1,300 years of history
uae16 hours ago
Students have expressed their love for the milk’s taste, with many noting that their families also purchase it for home use
uae17 hours ago
People across the country can watch it live on December 2 on local TV channels, cinemas and selected public areas
uae19 hours ago
The tremors were not felt by UAE residents despite the country's close proximity to Iran
uae23 hours ago
He was a founding member of the Dubai chapter of The Institute of Chartered Accountants of India and once served as general manager of Khaleej Times
uae1 day ago
No casualties were reported by authorities in Aurora province, but thousands of homes were damaged, and heavy losses were sustained
uae1 day ago