Hyperloop Transportation Technologies (HyperloopTT) has signed a new agreement with Abu Dhabi-based real estate company Aldar Properties that will see a 10km commercial Hyperloop system built in the capital city, close to the site of Dubai Expo 2020.
“With regulatory support, we hope the first section will be operational in time for Expo 2020,” said Bibop Gresta, Chairman of HyperloopTT.
The agreement signed with Aldar will allow HyperloopTT to begin construction on the Hyperloop system, alongside a new innovation centre and visitor centre, on the border of the Emirates of Abu Dhabi and Dubai in Alghadeer - near to both the Expo 2020 site and the Al Maktoum International Airport.
“We are delighted to be working with HyperloopTT as they look to bring one of the world's most revolutionary transportation technologies to Abu Dhabi,” said Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties. “Alghadeer sits at such a strategic point within the UAE – close to major growth areas of both Abu Dhabi and Dubai, that it makes sense to pair it with rapid transport opportunities.”
The aim of the project is to eventually connect Abu Dhabi using Hyperloop transit systems to Al Ain, Dubai and Riyadh in Saudi Arabia.
“We believe that Hyperloop technology can have a major positive impact on the lives of all of those living within our communities, and we look forward to this possibility becoming a reality,” Tala Al Dhiyebi continued.
The announcement comes shortly after HyperloopTT announced that it is currently constructing the world’s first full-scale prototype Hyperloop system at its facility in Toulouse, France, with the first passenger capsule to be delivered this summer.
“Hyperloop is no longer a concept, it has become a commercial industry,” said Gresta.