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

  • How MaaS and AVs can cut Oslo traffic
    June 17, 2019
    A new study shows that on-demand AVs and MaaS together could make a significant difference to traffic in Oslo, Norway – but only if ride-share is involved too If you replace today’s traditional private car ownership with a mixture of Mobility as a Service (MaaS) and on-demand autonomous vehicles (AVs) running door-to-door, you could make dramatic cuts in city traffic. That, at least, is the view of researchers from COWI and PTV, who have modelled a variety of future scenarios based on the morning rush h
    Read More
  • Bombardier people mover system for Jeddah
    May 17, 2012
    Bombardier Transportation has signed a contract with Saudi Arabian construction company, Saudi Binladin Group, to design, build, operate and maintain a Bombardier Innovia APM 300 automated people mover system for the King Abdulaziz International Airport (KAIA) development project in Jeddah, Kingdom of Saudi Arabia. The total value of the contract is US$96 million.
    Read More
  • Dubai to buy 200 Tesla electric vehicles
    February 16, 2017
    The Roads and Transport Authority (RTA) in Dubai has signed an agreement with Tesla for the purchase of 200 hybrid electric vehicles fitted with several components of autonomous driving technologies. The new vehicles will add to the limousine fleet of the Dubai Taxi Corporation. The RTA is to carry out a test run of Tesla autonomous hybrid electric vehicles as part of the Dubai Taxi limo fleet as part of its objective to support the Dubai Government efforts in transforming Dubai into the smartest city i
    Read More
  • PTV Group acquires Conundra
    December 13, 2022
    Route planning specialists combine to scale up logistics division as e-commerce grows
    Read More

Highlighted Content