{"id":42726,"date":"2019-10-24T12:48:56","date_gmt":"2019-10-24T11:48:56","guid":{"rendered":"https:\/\/www.intelligentcio.com\/me\/?p=42726"},"modified":"2019-10-30T08:55:03","modified_gmt":"2019-10-30T08:55:03","slug":"ksa-set-to-capitalise-on-groundbreaking-hyperloop-transport-system","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2019\/10\/24\/ksa-set-to-capitalise-on-groundbreaking-hyperloop-transport-system\/","title":{"rendered":"KSA set to capitalise on groundbreaking hyperloop transport system"},"content":{"rendered":"\n<p><strong><em>With hyperloop, an advanced form of high-speed transport set to be the catalyst of a revolution in travel, KSA is planning to be the first country to capitalise on its ground-breaking potential. The results of a study have been released that look into the impact of building the world\u2019s first extended test track that will propel the Kingdom to the forefront of hyperloop development worldwide. &nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><a>Virgin Hyperloop One (VHO), <\/a>a leading hyperloop company, has announced the results of a strategic study commissioned to build the world\u2019s first extended test and certification hyperloop track in the Kingdom of Saudi Arabia (KSA). <\/p>\n\n\n\n<p>The study also set out plans for an R&amp;D centre and manufacturing facility to support the development of the groundbreaking hyperloop technology. <\/p>\n\n\n\n<p>In line with\nSaudi Vision 2030, the Kingdom\u2019s diversification and development strategy, the\nVHO project is expected to significantly support a number of the economic and\nsocial pillars of the country\u2019s 2030 Vision, including the expansion of\ntransportation, the development of urban infrastructure and the growth of a\ntechnology enabled modern economy.&nbsp; <\/p>\n\n\n\n<p>Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World and Chairman of VHO, said: \u201cThe study highlights that hyperloop is more than a high-speed connectivity for passengers and cargo.<a> <\/a>The findings have shown a positive alignment between the project and KSA\u2019s ambitious national economic and social development agenda. With this in mind, we are delighted to highlight this vision at the Future Investment Initiative and continue our talks with a multitude of stakeholders.\u201d<\/p>\n\n\n\n<p>The Virgin Hyperloop One Center of Excellence (CoE), if approved, could break ground in King Abdullah Economic City (KAEC) in 2020 and include an integrated test track, as well as explore the feasibility of creating a manufacturing centre and operating facility that will propel the Kingdom to the forefront of hyperloop development worldwide. <\/p>\n\n\n\n<p>The report also\nillustrated how the CoE will drive domestic value by adding to the creation of\nmore than 124,000 high-tech local jobs, supporting the technology sector by\nincorporating advances in robotics and AI and driving an estimated $4billion\nincrease in KSA GDP by 2030.&nbsp; <\/p>\n\n\n\n<p>\u201cThis strategic partnership in KSA is a result of a shared ambition to harness the power of technology to drive the next leap forward in transportation. It\u2019s a market that has shown a readiness to embrace transformative innovation to achieve the goal of sustainable, energy efficient travel that will have a huge impact on the economy and wider society,\u201d said Jay Walder, CEO, VHO. <\/p>\n\n\n\n<p>\u201cThis study\nsets the framework for the advancement of VHO\u2019s system, and the creation of a\nnew and unique ecosystem; creating jobs, supporting development and connecting\npeople across the Kingdom.\u201d <\/p>\n\n\n\n<p>Ahmed\nLinjawy, GCEO of King Abdullah Economic City (KAEC), said: \u201cThe KSA has set out\na clear strategy for economic diversification and development through Vision\n2030. Attracting world beating technology companies like VHO to our hub of\ninnovation and industrial development at <a>KAEC <\/a>is an\nimportant indicator of the momentum behind our plans. Establishing a CoE located\nat the Industrial Valley will drive job creation, connect our cities and people\nwhile stimulating R&amp;D and tech investment that will be the foundation of\nour future economy. <\/p>\n\n\n\n<p>\u201cKAEC\nis fast establishing itself as the strategic location of choice for companies\nseeking to expand into KSA and the wider region and has already attracted more\nthan 118 leading local and international companies.\u201d <\/p>\n\n\n\n<p>The study further\nprovides analysis on the economic impact of the CoE and wider VHO development\nin the Kingdom, focusing specifically on the growth of hyperloop supply chains and\nthe acceleration of innovation clusters across the KSA. Assessing short and\nlong-term metrics, the study looked at the role of a manufacturing centre and\nthe local and global supply chains required to facilitate industrial\ndevelopment of this nature within KAEC.&nbsp; <\/p>\n\n\n\n<p>Commenting\nfurther on the centre, VHO\u2019s Jay Walder, added: \u201cWith VHO\u2019s technology we are transforming\ninspiration into practical innovation. We have developed patented technology\nand are building a strong network of public and private partners committed to\nmaking hyperloop the catalyst of a transportation revolution in years to come.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With hyperloop, an advanced form of high-speed transport set to be the catalyst of a revolution in travel, KSA is planning to be the first country to capitalise on its ground-breaking potential. The results of a study have been released that look into the impact of building the world\u2019s first extended test track that will [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":42729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[809,3629,78,791,3343,79],"tags":[10531,10530,10533,2002,790,277,3245,10532,989,3208,9980],"class_list":["post-42726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-news","category-newsletter","category-regional-news-newsletter","category-ksa","category-transport","category-used","tag-ahmed-linjawy","tag-hyperloop","tag-jay-walder","tag-king-abdullah-economic-city","tag-ksa","tag-saudi-arabia","tag-saudi-vision-2030","tag-sultan-ahmed-bin-sulayem","tag-transport","tag-virgin","tag-virgin-hyperloop-one"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/42726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=42726"}],"version-history":[{"count":10,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/42726\/revisions"}],"predecessor-version":[{"id":42739,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/42726\/revisions\/42739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/42729"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=42726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=42726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=42726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}