08 August 2018
Hyperloop Transportation Technologies is planning to build a high-speed transportation system in the Middle East which will reduce the travel time between Dubai, Abu Dhabi and Saudi Arabia.
HTT will initially build a 10-kilometre hyperloop track in Abu Dhabi. The track will be developed close to the Al Maktoum International Airport and Expo 2020 site which is on the border of Abu Dhabi and Dubai.
"We conducted a first feasibility study. It was successful with the government of Abu Dhabi," Bibop Gresta, chairman of Hyperloop Transportation Technologies stated. "And now, we're going into the next phase to actually build the first commercial line. It will be 10 kilometers of a longer network that we want to build to connect all the Emirates. Dubai, Abu Dhabi and eventually Saudi Arabia," Gresta said.
Gresta didn’t reveal the cost of the project or how much a ride will cost. He stated that technology uses renewable energy so this "guarantees that the price of the ticket is minimal."
"The real question is about how long does it take to recoup the investment," Gresta said. "Because every transportation system right now on the ground doesn't make money. The hyperloop has shown, in different feasibility study that we run around the world, (that it) can actually recoup the entire investment in 10 to 15 years."
HTT is currently in talks with 11 countries to develop the super speed transportation system. The company is also building a prototype of the Hyperloop system in Toulouse, France, and has stated that it expects delivery of the first passenger pod by year end.