Virgin Hyperloop One partners with KAUST
01 December 2019
Virgin Hyperloop One (VHO), the world’s leading hyperloop company, has announced the signing of a key agreement with the kingdom’s renowned King Abdullah University of Science and Technology (KAUST).
Signed at this year’s Future Investment Initiative, a key investment conference, the California-based hyperloop company and the kingdom’s leading private research institution have committed to working together on fostering the exchange of scientific and technological knowledge to further support the development of the country’s technology and transportation sector.
The announcement comes only days after the leading developer of hyperloop technology and King Abdullah Economic City (KAEC) published their findings on the feasibility of creating a VHO Centre of Excellence, which includes the world’s first full-speed testing track and a manufacturing facility from which Hyperloop parts would be exported to other markets.
If approved, the centre could break ground within KAEC in 2020, and propel the kingdom to the forefront of hyperloop development worldwide.
- King launches $17bn Diriyah Gate Project
- Virgin Hyperloop One partners with KAUST
- Al Akaria, Triple Five to build $5bn leisure centre
- H+A Global to design Jeddah wellness project
- Red Sea awards key transport links deals
