Hyperloop One has partnered with port and terminal operator DP World to explore the role of new technology in the future of world trade.
The US firm tasked with developing Elon Musk’s Hyperloop concept has signed a memorandum of understanding with DP World which will see the companies collaborate on feasibility studies that analyse the value of using Hyperloop systems in the UAE.
The first phase will focus on moving containers from ships docked at DP World’s flagship Jebel Ali Port via the Hyperloop tube to a new inland container depot in Dubai. The initial study will look at efficient handling of containers, costs, benefits and demand and volume patterns of moving cargo using the new technology.
“This partnership allows us to embrace the innovation of the UAE and to utilise the creativity of DP World, while expanding the variety of use cases for Hyperloop,” said Hyperloop One CEO Rob Lloyd.
“The UAE has taken a leadership role in pushing global transportation solutions to the forefront and we believe that it is the perfect market for Hyperloop.”
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem added: “The world is changing at a pace never seen before in our history and we intend to be part of a new revolution in transport, connecting markets and economies around the world.
“This is an example of leading innovation in our industry and pushing the boundaries in the delivery of goods. The potential to use these kind of technologies in emerging markets outside the UAE, such as Africa and Asia, with large land mass is significant.”