There was even talk of going from Dubai Airport to Abu Dhabi in just under 12 minutes that got us all planning how we were going to use all of our newly-found free time.
Aldar Properties PJSC ("Aldar"), announces that it has signed a Memorandum of Understanding with Hyperloop Transportation Technologies (HyperloopTT), the innovative transportation and technology company, that will enable the development of a new urban centre within Aldar's Seih Al Sdeirah landbank and in close proximity to Alghadeer.
"Several routes are under consideration, but we want to connect the airport, Al Ain and Saudi Arabia".
"This agreement creates the basis for the first commercial Hyperloop system in the world here in the Emirate of Abu Dhabi." said Bibop Gresta, Chairman of HyperloopTT.
The arrangement will allow HyperloopTT to start constructing the 10km-long Hyperloop system, as well as HyperloopTT's XO Square Innovation Center and a Hyperloop Visitor Center.
The planned hyperloop system in Abu Dhabi may be able to recoup the required investment in a time frame of as little as 10 to 15 years, according to Bibop Gresta, the chairman of HyperloopTT. "Having provided Escrow services for a range of leading projects in the UAE over the past ten years, we are pleased to be offering bespoke services to Alghadeer buyers, and to support the property sector and the overall economic growth of the Emirate". We conducted a feasibility study with the Department of Transport in Abu Dhabi.
"Right now we are not disclosing any data until we have the design finished", Gresta said.
Earlier this month HyperloopTT began construction of the first full-scale passenger and freight prototype system in Toulouse, France.
"We are seeing ample opportunities of new acquisitions in these market conditions in Abu Dhabi and elsewhere", Talal al- Dhiyebi told Reuters at Cityscape Abu Dhabi, the property show.
"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.