Aldar Properties, a UAE based real estate business, has signed an agreement with HyperloopTT to start working on an initial 10 km stretch in a development zone between Abu Dhabi and Dubai. The construction work is planned to be undergone in several phases, with further development aimed at creating a commercial hyperloop network across the Emirates and beyond.
“This agreement creates the basis for the first commercial Hyperloop system in the world here in the Emirates, with the goal of eventually connecting Abu Dhabi to Al Ain, Dubai, and Riyadh, Saudi Arabia,” said Bibop Gresta, chairman of HyperloopTT. “With regulatory support, we hope the first section will be operational in time for Expo 2020.”
The location for the initial construction site is in Aldarâs Seih Al Sdeirah landbank in Abu Dhabi and in close proximity to the Alghadeer residential development. It located on the border of the Emirates of Abu Dhabi and Dubai, close to the Expo 2020 site and Al Maktoum International Airport.
“We are delighted to be working with HyperloopTT as they look to bring one of the world’s most revolutionary transportation technologies to Abu Dhabi,” said Talal Al Dhiyebi, chief executive officer, Aldar Properties. “Alghadeer sits at such a strategic point within the UAE â close to major growth areas of both Abu Dhabi and Dubai, that it makes sense to pair it with rapid transport opportunities. We believe that Hyperloop technology can have a major positive impact on the lives of all of those living within our communities, and we look forward to this possibility becoming a reality.”
“A forward-thinking nation like the UAE is ideal for building the most revolutionary, most efficient, and fastest transportation system in the world,” said Dirk Ahlborn, CEO of HyperloopTT. “With this historic agreement in Abu Dhabi, we take a big step towards the world’s first commercial system.”
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