In an attempt to bring Middle Eastern countries closer together, in terms of transportation, Hyperloop Transportation Technologies is studying a plan that sure will.
The leading transportation company just announced to CNBC, that they want to build a high-speed transportation system in the Middle East that can reduce the travel time between Dubai, Abu Dhabi, and Saudi Arabia.
“We conducted a first feasibility study. It was successful with the government of Abu Dhabi,” Bibop Gresta, chairman of Hyperloop Transportation Technologies, told CNBC’s “Capital Connection”.
According to CNBC; HTT is one of the companies developing the Hyperloop, a futuristic, super-fast transportation system. It would work by propelling pods, carrying people or cargo, through a large tube at speeds of 750 mph using magnets; it is seen as a solution to long-distance travel and also a means of alleviating congestion.