Hyperloop One and Dubai Future Accelerators to work on the project
Two months earlier in August, there were clear reports that a Hyperloop is going to be installed in Dubai for transporting the cargo. Well folks, the news is official now. We knew that the Hyperloop One (HO) might be building the super-fast cargo system at the Jabil Ali Port Dubai.
It was announced in September by HO investor Shervin Pishevar that the first Hyperloop will be built in overseas. Last month a “Build Earth Live” contest was help in UAE that catered the ideas that can be used in building the Hyperloop systems.
The project that will be implemented in Dubai will not transport humans but will be used for transporting cargo on the port to other places. The first system will be built between Dubai and Fujairah.
After the success of this system, one can expect to look for a Hyperloop system that will actually transport people from one place to other.
Dubai Future Accelerators (DFA) is a special department established by Dubai government in order to look for the projects like this. DFA will work alongside UAE government companies in order to make this project work for the best.
The DFA is a thing that is founded by Dubai Future Foundation, it is a part of Future Endowment Fund which is worth $275 Million, according to TechCrunch.
This foundation works for the betterment of Dubai by focusing on the innovative ideas that can shape the future of UAE. The ideas that are focused through this organization also include the transportation system of the region.
DFA has chosen over 30 companies to work for them on the project. These will work along the UAE local bodies and local organizations to formulate a Hyperloop system for city.