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

  • Sprawl spreads the costs and confines the benefits
    June 8, 2015
    A new report says car-centric planning leads to inefficient cities and divided communities as lead author Todd Litman explains. Between 1950 and 2050 the human population will have approximately quadrupled and shifted from 80% rural to nearly 80% urban; by the middle of this century the United Nations predicts an additional 2.2 billion urban residents in developing countries than there are today. How these cities grow has huge economic, social and environmental impacts and implementing proper policies can c
    Read More
  • PTV takes lessons from logistics software to help test AV behaviour
    June 7, 2018
    Some people in the transportation industry may be reluctant to treat travellers as goods that need to be shipped from point A to point B. The traffic software engineers at PTV Group are not some of those people. According to Jongsun Won, the lessons he and his colleagues have learned from years of creating logistics software are extremely useful in the new age of autonomous vehicles. “In an autonomous vehicle, people are essentially the goods that are being transported around a city,” Won said. “There are
    Read More
  • Siemens announces TfL deal
    March 21, 2018
    Siemens has announced a deal with Transport for London (TfL) which will see the German company create a real-time optimiser (RTO) for traffic control in the UK capital. Markus Schlitt, CEO of intelligent traffic systems at Siemens, said: “We are developing the most modern adaptive traffic control system on Earth.” The RTO will sit in London’s Surface Intelligent Transport System (SITS) and will help “really make London a much more liveable city”, Schlitt added. It is designed to optimise traffic signals b
    Read More
  • Sharing real-time information ‘could save the transport sector billions each year’
    September 29, 2015
    A European research project led by Eindhoven University of Technology in the Netherlands makes real-time information available for the whole transport chain for the first time. The GET Service software platform, which is being presented at an international symposium in Rotterdam on 1 October, enables a flexible response to unforeseen circumstances, making transport faster, more environmentally friendly and cheaper each year by many billions. The researchers are confident that the total fuel consumption
    Read More

Highlighted Content