Hyperloop Transportation Technologies will begin building a track in Abu Dhabi. With regulatory support, company leadership hopes to have the first section operational by 2020.
It will be developed close to the site of Expo 2020 and Al Maktoum International Airport, on the border of the Abu Dhabi and Dubai emirates.
Hyperloop Transportation Technologies will construct a ten-kilometer line in several phases.
“This agreement creates the basis for the first commercial Hyperloop system in the world here in the Emirates, with the goal of connecting Abu Dhabi to Al Ain, Dubai, and Riyadh, Saudi Arabia.” Bibop Gresta, chairman of Hyperloop Transportation Technologies, said in a press release on April 18th.
Expo 2020 is expected to draw millions of visitors between its opening day on October 20, 2020 and closing on April 10, 2021.
HTT CEO Dirk Ahlborn told CNBC in January that the company would announce its first track location this year, and said the Middle East was a leading candidate. Wednesday’sannouncement confirms this.
A hyperloop would work by propelling pods through a large tube at speeds of 750 mph using magnets, and was originally thought up by billionaire Elon Musk in 2013.
HTT has been working with a number of governments to try to commercialize its technology.