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

  • London needs just one road user charge, says report
    July 8, 2019
    London’s patchwork of road charging schemes should be replaced by a single, distance-based user charge, according to new research. Apart from anything else, it would be much fairer… The UK capital’s multiple road charging schemes require a radical overhaul, according to a new report by the Centre for London thinktank. The suggested solution is to replace existing levies on drivers with a single, distance-based user charge which would more fairly reflect how much, and at what time, people are using London
    Read More
  • Intertraffic Amsterdam 2024: Smart, safe & sustainable mobility for all
    April 4, 2024
    Intertraffic Amsterdam 2024 is the place where the movers and shakers of the global ITS industry will gather from 16-19 April. With emphasis on climate, artificial intelligence – and even drones – this edition has something for everyone in the transportation sector…
    Read More
  • Hyperloop One completes inaugural test run
    August 7, 2017
    Hyperloop One successfully completed its second phase of testing, achieving 192 mph and travelling almost the full distance of the 500-metre DevLoop track in the Nevada desert, in a tube depressurised down to the equivalent of air at 200,000 feet above sea level. The Hyperloop One XP-1, the company’s first-generation pod, accelerated for 300 metres and glided above the track using magnetic levitation before braking and coming to a gradual stop.
    Read More
  • Users want ridesharing technologies regulated, says global survey
    August 25, 2017
    A new survey by the Global Security & Politics program at the Centre for International Governance Innovation (CIGI) finds that a majority globally (63 per cent) believe that ridesharing services should be regulated similar to taxis. This new data comes at a time when Uber, Lyft and other ridesharing apps continue to expand their products and services to new markets around the world. The survey also points out that the number of those likely to choose ride-sharing over taxi services is notably higher in
    Read More

Highlighted Content