The Kingdom of Saudi Arabia partners with Virgin Hyperloop One to launch Hyperloop feasibility study
The Saudi Minister of Transport, H.E. Eng. Saleh bin Nasser Al-Jasser, commissions a study with the intent to develop and drive the Kingdom's future in mobility
The Ministry of Transport (MoT) in the Kingdom of Saudi Arabia, announced a contract agreement with Virgin Hyperloop One (VHO),
Under the agreement, Virgin Hyperloop will conduct a pre-feasibility study on the use of hyperloop technology for transportation of passengers and cargo and asses possible network routes across the kingdom. This is the first time a study will be conducted at the national level.
Speaking on the announcement, His Excellency Eng. Saleh bin Nasser Al-Jasser, Minister of Transport said, “His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince of the Kingdom of Saudi Arabia has outlined the role of transport in shaping the future of the Kingdom’s economy within Vision 2030. With the transformative hyperloop technology, Saudi Arabia will not only unlock unparalleled benefits for its people and the economy but will continue to lead the region into an era of prosperity.”
The agreement also builds on Saudi Arabia's push to be the first to adopt hyperloop technology and transform Saudi Arabia in its economy and create different industries. Virgin Hyperloop One has already seen investments here in the UAE, through DP World and Abu Dhabi Capital group.
His Excellency Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop One, said, “Technology will continue playing a pivotal role in the progress and transformation of Saudi Arabia’s economy – as part of this, Virgin Hyperloop One and the technology that underpins it will help shape the future of the Kingdom. Together with the Ministry of Transport, we are confident that hyperloop technology will transform the movement of people and cargo in Saudi Arabia and help realize the ambitions of Vision 2030."