Aldar signs MoU; agreement first step in establishing UAE-wide Hyperloop network
Developer Aldar Properties has signed a MoU with Hyperloop Transportation Technologies (HyperloopTT), which will see the development of a new urban centre based around an extension of the HyperloopTT system that will serve its Alghadeer community. The two organisations will now work to have the first phase ready by Expo 2020 Dubai.
When the MoU has been executed, a new HyperloopTT centre will be developed which will include a full scale commercial Hyperloop system, a Hyperloop R&D Advanced Mobility Centre, a Demonstration & Visitor centre and an Innovation Hub. The HTT site within Seih Al Sdeirah, near Aldar’s Alghadeer development, and located on the border of Abu Dhabi and Dubai, close to the Expo 2020 site and the 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. Alghadeer sits at such a strategic point within the UAE – 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,” said Talal Al Dhiyebi, CEO of Aldar Properties.
Future plans include the phased construction of an Hyperloop line over a distance of 10KM, 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 emirate of Abu Dhabi. With regulatory support, we hope the first section will be operational in time for Expo 2020,” said Bibop Gresta, chairman of HyperloopTT.
“A forward-thinking nation like the UAE is ideal for building the most revolutionary, most efficient, and fastest transportation system in the world,” added Dirk Ahlborn, CEO of HyperloopTT. “With this agreement in Abu Dhabi, we take a big step towards the world’s first commercial hyperloop system.”