A landmark deal between leading Hyperloop pioneers and major developer Aldar Properties is promising to fast track the high speed technology in the first commercial system in Abu Dhabi within two years.
Construction on a 10km Hyperloop transport system, using electro-magnetic levitation engineering to carry pods at 1,200kph, will begin in a critical development area between Abu Dhabi and Dubai in 2019.
A transport hub and XO Square Innovation Centre for ongoing research and development by Hyperloop Transportation Technologies, the California-based firm behind the project, will be developed in Aldar’s Seih Al Sdeirah landbank in Abu Dhabi.
The technology promises to reduce travel times between emirates from hours to just minutes.
“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 of Aldar Properties.
“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.”
The site is close to the residential development of Alghadeer, where Aldar has planned a Dh10 billion development including 611 affordable homes starting from Dh290,000.
By Nick Webster thenational.ae