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.

Related Content

  • October 20, 2023
    Archer sets eVTOL sights on Abu Dhabi
    60–90-minute car commutes to be replaced by 10-20 minute electric air taxi flights
    Read More
  • October 4, 2021
    Sensys Gatso wins UAE and US traffic deals 
    Camera safety programmes in Emirates and Ohio have combined value of around $2m
    Read More
  • August 1, 2019
    Virgin to build 35km Saudi hyperloop test track
    Virgin Hyperloop One is working with Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build a 35km test and certification track. The company claims its technology can reduce travel times between cities: it says the trip from Riyadh to the Red Sea port of Jeddah would be slashed from 10 hours to 76 minutes, for example, with the Riyadh-Abu Dhabi route cut from 8.5 hours to 48 minutes. The study will take place in King Abdullah Economic City (KAEC), located 100km north of Jeddah. It w
    Read More
  • October 28, 2014
    UAE: a good place for the secure connections industry to do business
    The country of honour during CARTES 2014 will be the United Arab Emirates, which has emerged in recent years as a dynamic hub for global trade with exceptional infrastructure and enormous potential for the digital security industry. The chance to foster commercial ties with the Gulf state is one many firms will be keen to take: the UAE will be in the spotlight for many events during CARTES, reflecting its status as a place at the cutting edge of connectivity and offering great opportunities for companies in t
    Read More

Highlighted Content