Speaking at Middle East Rail today (7 march 2017), Hyperloop One CEO Rob Lloyd said the Hyperloop could transform the GCC both socially and economically with a faster, more efficient and cleaner system of mobility.
Last year, the company unveiled plans to create a Hyperloop that will reduce the commute time between Dubai and Abu Dhabi to only 12 minutes. Bjarke Ingels Group later unveiled a concept design and video outlining how the fast-speed transportation system would operate.
“While technology is revolutionizing many facets of our lives, we have not seen a radical change in transportation since the Wright brothers introduced air travel over 100 years ago,” said Lloyd during his keynote speech.
“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, labor and investment. Building a Hyperloop would vastly impact the economy and make any major city in the GCC accessible within one hour.”
He explained that the Hyperloop would benefit the GCC economically and socially by facilitating easier access to critical infrastructure such as hospitals and schools.
“With a Hyperloop One system in place, there is ability to further unify the alliance of the GCC, socially, culturally and economically,” said Shervin Pishevar, executive chairman and co-founder of Hyperloop One.
“Hyperloop could further enable diversification and make a huge impact on the region’s relatively young and growing population, reimagining how cities and countries in the region work together. Progress made on the DevLoop in just five months demonstrates how quickly we could bring Hyperloop to the GCC and to the world.”
Hyperloop One estimates that around 4,000 vehicles travel every day between Abu Dhabi & Dubai, with traffic congestion in Dubai costing the economy $800 million in lost working hours.
According to a release, reducing this commute to 12 minutes opens a whole new realm of options, and Hyperloop One shows an investment in a UAE Hyperloop network could unlock economic value 3.5 to 4 times over high speed rail.
The firm has also released the first images of DevLoop, the first Hyperloop project in the Nevada desert.
Last year, RTA and Hyperloop One had also signed an agreement to jointly explore the potential workings of the high-speed route.
“We are now at a stage where, from a technological point of view, we could have a Hyperloop One system built in the UAE in the next five years. Our agreement with the RTA is the biggest step yet towards achieving this goal,” Lloyd explained.
Middle East Rail continues until tomorrow, 8 March.