HyperloopTT and Aldar Properties has signed an historic agreement for the world’s first commercial Hyperloop system of 10km in critical development in the area between Abu Dhabi and Dubai — Hyperloop Transportation Technologies (HyperloopTT) revealed today the signing of an agreement with Aldar Properties PJSC, the leading real estate developer in Abu Dhabi, which will allow HyperloopTT to start construction of a Hyperloop system as well as HyperloopTT’s XO Square Innovation Center, and a Hyperloop Visitor Center.
The construction site is located in Aldar’s Seih Al Sdeirah landbank in Abu Dhabi with close proximity to the residential development Alghadeer.
HyperloopTT plans construction of the line in several phases starting within the ten-kilometer allocation, with further development which aims at creating a commercial Hyperloop network across the Emirates and beyond.
Earlier this month HyperloopTT began construction of the first full-scale passenger and freight prototype system in Toulouse, France, and expects delivery of the first passenger capsule later this year. The capsule will be assembled and optimized in Toulouse, France, before use in the Emirates.
Hyperloop Transportation Technologies Inc. HyderloopTT is a latest innovative and technology company which is merely focused on realizing the Hyperloop, a system that moves people and goods at unprecedented speeds with safely, efficiently, and sustainably. With the use of an advanced business model of lean collaboration, open innovation, and integrated partnership, HyperloopTT is making the life of people easier.
The company is founded in the year 2013, HyperloopTT is a global team comprised of more than 800 engineers. The company is headquartered in Los Angeles, CA, HyperloopTT has offices in Abu Dhabi and Dubai, UAE.
HyperloopTT is founded by Dirk Ahlborn (CEO) and Bibop Gresta (Chairman) and a team of experienced entrepreneurs and professionals.
Aldar Properties PJSC is the leading real estate constructor and developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is also one of the most well-known developers in the United Arab Emirates, and wider Middle Eastern part of Dubai.