In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Law No. (12) of 2022 establishing road toll operator Salik as a Public Joint Stock Company (PJSC). The company will have legal, financial, and administrative autonomy to carry out its activities and achieve its objectives, in accordance with the provisions of the new law, the company’s articles of association, and other relevant Dubai legislations.
According to the Law, Salik Company PJSC will have a term of 99 years, starting from the date of its registration in the Trade Register. The term renews automatically for the same period as per the company’s articles of association. The company, which has its headquarters in Dubai, can open branches and offices in Dubai and outside the emirate.
The Law also states that the Roads and Transport Authority (RTA) in Dubai is authorized to outsource all or part of Salik’s functions related to the operation and management of toll gates, as per the concession contract signed between RTA and Salik. The concession contract outlines the rights and obligations of each party, as well as the duration of the contract.