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

  • China to ‘see unparalleled urban growth by 2025’
    November 7, 2012
    New analysis from Frost & Sullivan, New Mega Trends in China: Macro to Micro Implications of Mega Trends to 2025, says that China is set to become the largest economy in the world by 2025 with a nominal GDP value of US$38 trillion. Fuelled by a strong urbanisation rate, a favourable corporate environment, huge infrastructure investment and the largest working age population, the Chinese economy will finally transform itself from being the manufacturing site of the globe to one of the biggest and largest con
    Read More
  • AI is creating road maintenance savings
    July 30, 2021
    Artificial intelligence is starting to create savings for hard-pressed local authorities when it comes to road maintenance. David Crawford reviews recent advances in cost and performance control
    Read More
  • New York tolls for Kapsch
    December 22, 2022
    New tolling system covers four bridges and two tunnels between the city and New Jersey
    Read More
  • UK Autodrive consortium to develop driverless cars
    December 9, 2014
    An Arup-led consortium, UK Autodrive, has won the UK Government’s US$15.6 million ‘Introducing Driverless Cars’ competition. Other members of the consortium are Milton Keynes Council, Coventry Council, Jaguar Land Rover, Ford Motor Company, Tata Motors European Technical Centre, RDM Group, MIRA, Oxbotica, AXA, international law firm Wragge Lawrence Graham & Co, the Transport Systems Catapult, the University of Oxford, University of Cambridge, and the Open University. The aim of the project is to establis
    Read More

Highlighted Content