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Dubai Road-Toll Operator Expects to Benefit From Urban Plan

A Salik toll gate on Sheikh Zayed Road in Dubai.

A Salik toll gate on Sheikh Zayed Road in Dubai.

Photographer: Christopher Pike/Bloomberg

Salik Co., Dubai’s road-toll operator that drew $50 billion in orders for its IPO, expects to benefit from the city’s urban plan as the Middle East business hub lures visitors and seeks to raise its population.

The firm is “well-positioned to benefit” from Dubai’s 2040 master plan that seeks to increase the number of visitors to 25 million by 2025 and host more than 400 global events in the next few years, Chief Executive Officer Ibrahim Al Haddad told Bloomberg TV in an interview.