Hyperloop could create $10bn supply chain manufacturing ecosystem

Hyperloop has the potential to create a $10 billion supply chain manufacturing ecosystem in the Middle East, says Virgin Hyperloop One. The company says it could also improve safety, decrease pollution and reduce congestion, and adds that the United Arab Emirates (UAE) and Kingdom of Saudi Arabia are well-placed to benefit from disruptive technologies in transportation, with governments from both countries exploring autonomous pods, driverless cars and flying taxis. Amjad Almkhalalati, director
October 4, 2018 Read time: 2 mins

Hyperloop has the potential to create a $10 billion supply chain manufacturing ecosystem in the Middle East, says Virgin 8535 Hyperloop One.

The company says it could also improve safety, decrease pollution and reduce congestion, and adds that the United Arab Emirates (UAE) and Kingdom of Saudi Arabia are well-placed to benefit from disruptive technologies in transportation, with governments from both countries exploring autonomous pods, driverless cars and flying taxis.

Amjad Almkhalalati, director - operations, UAE, Virgin Hyperloop One, says Hyperloop can seamlessly connect to other modes of autonomous transportation. He adds that it will be faster than high-speed railway trains and will help reduce congestion in cities while making them more liveable and environmentally friendly.

The technology can create a ‘backbone’ for on-demand deliveries, supply chains and next-generation logistics: “A regional Hyperloop network could unlock billions of dollars in incremental economic growth, establish real exportable expertise, completely transform supply chains across the Middle East.”

Gulf Traffic - for which ITS International is producing Daily News - will take place from the 2-4 December at the Dubai World Trade Center and is expected to attract 3,000 industry peers from 50 countries.

The event will focus on artificial intelligence, road safety and future infrastructure and parking. It will also host presentations from local and regional government transport bodies which will include project updates, reform changes and on-going investment plans.

Exhibitors and sponsors include Siemens, Tesla, Ride with Via, Miovision, Watopedia, Kapsch, Borum, Transcore, PTV, Scansmart/Arvoo, Gridsmart and Sensys Gatso.

For more information on companies in this article

Related Content

  • Lyft, Uber have mixed impact on San Fran mobility
    May 14, 2018
    The extent to which ride-hailing has become a real force in the mobility landscape of San Francisco is great for consumers – but there are downsides, a report finds. Andrew Stone takes a look. Uber and Lyft, the two major ride-hailing platforms in San Francisco, are out-competing local cab firms in many ways - and are firmly established as a significant part of the daily mobility mix there, a recent study reveals. Researchers mined publicly-available data derived from the application programming interface
    Read More
  • Future of transport to be revealed at UK summit on intelligent mobility
    May 11, 2015
    The UK Government-backed Transport Systems Catapult has announced it will host a unique national summit on intelligent mobility and the future of transport next month. Featuring some of the most prominent thinkers in transport technology, research, and policy, the Imagine Festival will reveal how different sectors believe technology will transform global transport. According to David Reid, director of the Imagine Festival at the Catapult, the Imagine Festival has been created so leading minds from UK i
    Read More
  • MaaS by any other name
    February 6, 2020
    Has the roll-out of Mobility as a Service stalled - or could it just be that multimodal travel is simply happening under a variety of different names?
    Read More
  • Volvo creates AV subsidiary
    November 8, 2019
    Auto manufacturer Volvo is creating a business area to offer autonomous transport solutions which can be used to operate between logistics centres from 1 January 2020. The company says autonomous transport solutions that are based on self-driving and connectivity technologies are suitable for applications where there is a need to move large volumes of goods and material on pre-defined routes. Volvo’s CEO Martin Lundstedt says: “It is a logical next step for us to gather expertise and resources in a new
    Read More

Highlighted Content