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The MoU will bring the first commercial Hyperloop Hub to Abu Dhabi The MoU will bring the first commercial Hyperloop Hub to Abu Dhabi

Aldar Sign MoU with HyperloopTT

Aldar Properties announced that it recently signed a memorandum of understanding (MoU) with Hyperloop Transportation Technologies (HyperloopTT), a transportation and technology company, which will enable the development of a new urban centre within Aldar's Seih Al Sdeirah landbank, and in close proximity to Alghadeer.

The MoU, when fully executed, is expected to allow for the creation of a new HyperloopTT centre including a full scale commercial Hyperloop system, an Hyperloop R&D Advanced Mobility Centre, a Demonstration and Visitor centre, and an Innovation Hub.

HyperloopTT future plans include construction of the line in several phases starting within the 10 km allocation, with further development aimed at creating a commercial Hyperloop network across the emirates and beyond.

“Alghadeer sits at such a strategic point within the UAE – close to major growth areas of both Abu Dhabi and Dubai, that it makes sense to pair it with rapid transport opportunities,” highlighted Talal Al Dhiyebi, CEO, Aldar Properties. “We believe that Hyperloop technology can have a major positive impact on the lives of all of those living within our communities, and we look forward to this possibility becoming a reality.”