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

  • PTV Group joins Future Logistics Living Lab
    July 25, 2013
    German software and consulting group PTV Group has become a new member of the Future Living Logistics Lab, an innovation platform for the Australian logistics industry. Established in Sydney, Australia by National ICT Australia (NICTA) in collaboration with Fraunhofer Institute for Experimental Software Engineering and SAP, the Lab is an interactive demonstration space for cutting-edge technologies and a community of industry, research and government experts, working together to find innovative solutions to
    Read More
  • ITSWC 2022: full programme revealed
    August 11, 2022
    Los Angeles ITS World Congress schedule includes strong emphasis on equity in transport
    Read More
  • Further Middle East order for Sensys Gatso
    August 26, 2015
    Sensys Gatso Group has received an order for traffic safety systems, including red-light and speed camera systems as well as software design from a new customer in the Middle East. The order, worth US$783,000, is the third order received since June from a new customer in the territory and is expected to be delivered during the fourth quarter 2015. “I am delighted to see that we continue to strengthen our footprint in the Middle East and that our cooperation with this new customer is evolving” says T
    Read More
  • We don’t understand ITS, say transport companies: new IRU report
    November 6, 2018
    Half of transport companies say that ITS adoption is being held back by a “limited understanding of the range of emerging technologies available”, according to a new global survey. The sobering finding – which indicates that ITS providers and policy makers have more to do to explain some of the benefits – comes from the IRU’s ‘The future of road transport’ report. The other major barrier to adopting technology is cost, say 71% of respondents. The IRU says: “This suggests that pockets of the industry have
    Read More

Highlighted Content