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FINANCIAL NEWS
Abu Dhabi inks deal on futuristic transport system
13 Dec 2016
(MENAFN) Abu Dhabi has signed the UAE’s second hyperloop feasibility study in order to build a futuristic high-speed transport system linking the cities of Abu Dhabi and Al Ain.
Additionally, Abu Dhabi’s Department of Municipal Affairs and Transport and U.S-based Hyperloop Transportation Techs proclaimed the deal.
Furthermore, the hyperloop uses magnet to soar pods inside an airless tube, making conditions in which the pods can shuttle people and cargo at speeds of up to 1.200 km per hour.
The UAE made plans to build its own national rail network after neighboring Gulf nations fell behind on their rail projects that were supposed to link the six states from Kuwait to Oman.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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