Speaking at the conference, the Hyperloop team explained that the cost of traffic congestion between Dubai and Abu Dhabi is almost $800 million in lost working hours. Almost 4,000 vehicles travel between the two cities every day.
The new technology would make the commute between Dubai and Abu Dhabi just 12 minutes. And that’s not all the Hyperloop One team have planned – they are looking to take the transportation system GCC wide.
Speaking at the Middle East Rail conference, Rob Lloyd, chief executive officer, Hyperloop One, said: “Tying together the Middle East region would produce greater virtual density, without congestion and pollution, spurring innovation, productivity, job growth and more powerful sharing of knowledge, labour and investment. Building a Hyperloop would vastly impact the economy and make any major city in the GCC accessible within one hour.”
The Roads and Transport Authority (RTA) and Hyperloop One signed an agreement in November last year, with the company saying that there could be a hyperloop in the UAE within five years.