Virgin Hyperloop One and Saudi Arabia’s Economic City Authority (ECA) signed an agreement to conduct a study to build the world’s longest test and certification hyperloop track, as well as a research and development center and hyperloop manufacturing facility north of Jeddah.
The study will focus on King Abdullah Economic City (KAEC), located 100 km north of the Red Sea port of Jeddah.
The project, which would include a 35-km test and certification track, will create opportunities for the development of specific hyperloop technologies and develop local expertise in Saudi Arabia which be commercialized and scaled. The study will also facilitate the development of localized hyperloop supply chains and the acceleration of innovation clusters across the Kingdom.
“As we continue to help deliver the strategic pillars of Vision 2030, technology transfer and high-tech job creation opportunities that this relationship will bring are fundamental to our progress as a nation and our efforts to create opportunities for our bright young people. Having hyperloop at King Abdullah Economic City is going to act as a catalyst for a Saudi Silicon Valley effect and galvanize our software development, high technology research, and manufacturing industries,” Secretary General Mohanud A. Helal said.
In parallel to the implementation of the study, Prince Mohammad bin Salman College of Business and Entrepreneurship will collaborate on the creation and publication of an academic paper outlining the economic impact of a Hyperloop Center of Excellence in KAEC. Additionally, experts from King Abdullah University of Science and Technology will visit the Virgin Hyperloop One testing facility in Nevada to conduct a technical review, followed by the publication of an academic paper.