UAE moves to establish Hyperloop cargo infrastructure
New Dubai-back tech accelerator established to make Hyperloop One cargo system a reality in the UAE.
It was announced in August that DP World and Hyperloop One were planning to examine the feasibility of building the system at its Jebel Ali Port terminals to rapidly evacuate cargo from the port and into the Jebel Ali Freezone.
Now, it has been announced that Hyperloop One will work in close cooperation with a brand new government-backed accelerator to make the futuristic super-fast transportation system a reality.
Dubai Future Accelerators (DFA) has been created by the UAE, alongside seven government entities which have committed to pilot cutting edge technologies in the country. It is part of the Dubai Future Foundation and Future Endowment Fund, worth US $275 million.
A 12-week program to examine the feasibility of the system in the UAE has taken over 2,000 applications from 73 countries, with less than 1% of the applicants being selected.
Only 30 companies have been selected to take part in the program including Next (a modular mass transportation solution); ConsenSys (the Ethereum / blockchain software company that builds developer tools, decentralized applications, and enterprise solutions); Construction Robotics, (literally a robot for automated construction) and Honeywell, the Fortune 100 company, with plans to build a new way of delivering healthcare at home.
The companies will share a new purpose-built facility alongside the seven government departments.