Dubai's Salik Revolutionizes Parking Management at The Dubai Mall in Partnership with Emaar Malls
In a groundbreaking collaboration, Dubai's toll-gate operator, Salik, renowned for its stellar performance on the Dubai Financial Market (DFM), is set to forge a new revenue stream alongside Emaar Malls. This strategic partnership is poised to implement a seamless parking management system at The Dubai Mall, one of the city's iconic shopping destinations.
Automatic Fee Collection for Ticketless Parking
Salik's cutting-edge technology will introduce a barrier-free parking experience, revolutionizing the way fees are collected for ticketless parking. Leveraging advanced vehicle plate recognition, fees will be seamlessly deducted directly from Salik user accounts. This innovative approach, based on business rules defined by Emaar Malls, eliminates the need for shoppers to visit payment kiosks, streamlining the overall parking process.
Operational Excellence by Q3-2024
Scheduled for operation at The Dubai Mall by Q3 2024, Salik is set to take charge of the entire process, from design and financing to development, installation, and ongoing management of the parking system. The revenue model will be fine-tuned once Emaar Malls establishes the business rules governing the project, ensuring a comprehensive and efficient system.
Strategic Vision of Salik's CEO
Ibrahim Sultan Al Haddad, the CEO of Salik, underscores the significance of this transformative project in providing smart mobility solutions to Dubai residents and visitors alike. With a high penetration rate boasting over 2 million registered active accounts and 4 million active vehicles, Salik is uniquely positioned to implement this innovative solution without significant customer acquisition efforts.
Catalyst for Top-Line Growth
The strategic partnership with Emaar Malls is seen as a catalyst for Salik's top-line growth, potentially expanding its expertise beyond The Dubai Mall to other destinations in Dubai. This initiative aligns seamlessly with Salik's broader strategy to diversify revenue streams and offer sustainable solutions for drivers in the city.
Dubai Mall System Overview
The Dubai Mall system involves plate recognition at entry and exit points, allowing for automatic fee deduction from Salik accounts. While the current project focuses exclusively on The Dubai Mall, discussions about potential expansions to other malls are underway, contingent on the success and viability assessed separately with Emaar Malls.
Innovative Solution for a Smart City
Salik's innovative parking solution promises to bring about a myriad of benefits, including reduced congestion, enhanced parking efficiency, and secure, barrierless entry and exit. This underscores Salik's unwavering commitment to delivering smart and sustainable mobility solutions in Dubai, contributing to the city's vision of becoming a global smart city.
In a groundbreaking collaboration, Dubai's toll-gate operator, Salik, renowned for its stellar performance on the Dubai Financial Market (DFM), is set to forge a new revenue stream alongside Emaar Malls. This strategic partnership is poised to implement a seamless parking management system at The Dubai Mall, one of the city's iconic shopping destinations.
Automatic Fee Collection for Ticketless Parking
Salik's cutting-edge technology will introduce a barrier-free parking experience, revolutionizing the way fees are collected for ticketless parking. Leveraging advanced vehicle plate recognition, fees will be seamlessly deducted directly from Salik user accounts. This innovative approach, based on business rules defined by Emaar Malls, eliminates the need for shoppers to visit payment kiosks, streamlining the overall parking process.
Operational Excellence by Q3-2024
Scheduled for operation at The Dubai Mall by Q3 2024, Salik is set to take charge of the entire process, from design and financing to development, installation, and ongoing management of the parking system. The revenue model will be fine-tuned once Emaar Malls establishes the business rules governing the project, ensuring a comprehensive and efficient system.
Strategic Vision of Salik's CEO
Ibrahim Sultan Al Haddad, the CEO of Salik, underscores the significance of this transformative project in providing smart mobility solutions to Dubai residents and visitors alike. With a high penetration rate boasting over 2 million registered active accounts and 4 million active vehicles, Salik is uniquely positioned to implement this innovative solution without significant customer acquisition efforts.
