Elon Musk’s Hyperloop high-speed transport system could be coming to Dubai following the signing of a partnership with freight company DP World this week.
As per the agreement, Hyperloop One — one of the companies trying to bring the concept to life — will conduct an economic and feasibility study of how the transport system could improve DP World’s flagship Jebel Ali port.
The study will assess the business case for using Hyperloop technology to move freight from container ships docked at the port to an inland container depot.
"Hyperloop One is developing a new mode of transportation that will allow the world to transport people and goods inexpensively, safely, and with energy efficiency at speeds never thought possible," said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
"It is an innovative solution that holds tremendous potential for enhancing our operational efficiencies and ensuring smoother and faster trade flows. As a global trade enabler, we think ahead and foresee the future by being ready for it. The Hyperloop is an excellent example of positive future change and growth."
If cargo is directed to a new inland hub, there will be additional space freed at Jebel Ali for profitable use. The study will provide initial details on the design of a right of way, operating costs and potential finance solutions.
"By eliminating the barriers of time and distance, we believe we can increase the volume of freight DP World moves through the port using a Hyperloop to a new inland depot, which supports more revenue and profit for all stakeholders," said Rob Lloyd, CEO of Hyperloop One.
"A Hyperloop system fits very seamlessly with existing transportation corridors, minimizing any impact on urban Dubai and reducing freeway congestion and emissions."
Follow @SupplyChainD on Twitter.