HyperloopTT, Aldar ink deal to start building Abu Dhabi system

Construction will start on revolutionary transport system in Aldar's Seih Al Sdeirah landbank
By Staff writer
Wed 18 Apr 2018 03:00 PM

Hyperloop Transportation Technologies (HyperloopTT) revealed on Wednesday the signing of an agreement with Aldar Properties which will allow it to start construction of a Hyperloop system in Abu Dhabi.

The deal will also see the construction of HyperloopTT’s XO Square Innovation Centre and a Hyperloop Visitor Centre in Aldar’s Seih Al Sdeirah landbank.

HyperloopTT said it plans construction of the line in several phases starting within the 10km allocation, with further development aimed at creating a commercial Hyperloop network across the UAE and beyond.

Earlier this month, HyperloopTT began construction of the first full-scale passenger and freight prototype system in Toulouse, France, and expects delivery of the first passenger capsule later this year. The capsule will be assembled and optimised in Toulouse, France, prior to use in the Emirates.

“This agreement creates the basis for the first commercial Hyperloop system in the world here in the Emirates, with the goal of eventually connecting Abu Dhabi to Al Ain, Dubai, and Riyadh, Saudi Arabia.” said Bibop Gresta, chairman of HyperloopTT. “With regulatory support, we hope the first section will be operational in time for Expo 2020.”

“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,” added Talal Al Dhiyebi, CEO, Aldar Properties.

"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.”

“A forward-thinking nation like the UAE is ideal for building the most revolutionary, most efficient, and fastest transportation system in the world,” said Dirk Ahlborn, CEO of HyperloopTT. “With this historic agreement in Abu Dhabi, we take a big step towards the world’s first commercial system.”

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Last Updated: Wed 18 Apr 2018 03:03 PM GST

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