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

  • Aimsun unveils test platform for AVs in digital cities
    May 24, 2019
    Aimsun has released a software platform for the large-scale design and validation of path planning algorithms for autonomous vehicles (AV). The company says Aimsun Auto allows test vehicles to drive inside digital cities - virtual copies of transportation networks, where users can safely explore the limits of AV technology. Paolo Rinelli, global head of product management at Aimsun, says Auto removes the need to drive around seeking conditions that users want to test or to “script each actor’s behaviour
    Read More
  • How technology is propelling the development of urban shared transport
    April 11, 2024
    Over 18 million people use ride-hailing apps in the UK alone, says Mariusz Zabrocki of Freenow
    Read More
  • Euromed countries warm to Galileo’s services
    June 6, 2014
    The EU is helping countries in North Africa and the Middle East utilise Galileo’s services. With its Galileo constellation rapidly taking shape, the European Union has opened lines of communication with countries in North Africa and the Middle East with a view to assisting their governments and businesses to utilise the satellite services that extend across the Mediterranean. The services available to countries are provided through the European Global Navigational Satellite System (E-GNSS), which includes a
    Read More
  • RTA Dubai and Next Future Transport launch autonomous pods
    February 15, 2018
    The Roads Transport Authority (RTA) of Dubai, in collaboration with Next Future Transport, is testing autonomous mobility pods on the sidelines of the World Government Summit as part of its effort under the future accelerators initiatives. The trial also supports the city's Self-Driving Strategy to make 25% of public transport autonomous by 2030. These pods are designed with the intention of travelling short and medium distances in dedicated lanes and can be coupled in 15 to 20 seconds or detached, depen
    Read More

Highlighted Content