HyperloopTT signs an agreement with UAE’s Aldar Properties to develop Hyperloop routes across the UAE.
UAE development firm Aldar Properties has signed an agreement with Hyperloop Transportation Technologies with the aim of developing commercial Hyperloop services in the UAE.
HyperloopTT’s plans include construction of the Hyperloop line in several phases, starting within 10 kilometres and potentially leading to the creation of a Hyperloop network “across the Emirates and beyond”.
Bibop Gresta, Chairman of HyperloopTT, said that the agreement creates the basis for the first commercial Hyperloop system in the world in Abu Dhabi. “With regulatory support, we hope the first section will be operational in time for Expo 2020,” he added.
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