LOS ANGELES, Nov. 8, 2016 /PRNewswire/ -- Hyperloop One today took another major step on its path to defining the future of transportation. The Company and the Dubai Roads and Transport Authority (RTA) agreed jointly to evaluate a Hyperloop One system in greater Dubai and the UAE. Hyperloop One will work with McKinsey & Co. and the Bjarke Ingels Group (BIG) on a detailed feasibility study sponsored by the RTA. The agreement moves the company into its next stage of progress in Dubai following a successful engagement in the Dubai Future Accelerators, which culminated in a presentation of Hyperloop One's value proposition to His Highness Sheikh Mohammed bin Rashid al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Additionally, Hyperloop One unveiled an original concept for autonomous transportation in the UAE, including designs for the world's first Hyperloop One Portals (the equivalent of a station or airport) and Hyperloop One Pods that can take passengers from Dubai to Abu Dhabi in 12 minutes, compared to a two-hour drive. The work is the result of deep collaboration between Hyperloop One and BIG's amazing team of architects and engineers. Both announcements were revealed at the Burj Khalifa in Dubai. "Technology is evolving and transforming how we live, yet we lack real innovation in mass transportation and the current system has stagnated. Hyperloop One is focused on transport that's far more efficient, fast and clean. It will change the dynamics of how we move goods and people," said Shervin Pishevar, Executive Chairman, Hyperloop One. " Dubai makes perfect sense for Hyperloop One because this is the 21st century's global transport hub and its leaders understand that Hyperloop One is ushering in the next era of transportation." Under the terms the agreement, Hyperloop One will work with McKinsey and BIG to evaluate the implementation of a passenger Hyperloop in Dubai. This announcement is the second partner agreement Hyperloop One has signed in Dubai and the sixth worldwide. The Company announced a deal in August to pursue a cargo Hyperloop One system with ports operator DP World at its deepwater Jebel Ali port in Dubai. The Company's growing presence on the ground in the UAE underscores the demand for Hyperloop One technology for passengers and freight in the country. Chairman of the RTA, His Excellency Mattar Al Tayer, commented on the agreement, saying, "This is an opportunity to help transform the UAE from a technology consumer to a technology creator, incubating expertise for a new global industry, in line with the UAE's Vision 2021. With Hyperloop One, we will create a new means of transportation, keeping our region at the forefront of transportation technology and innovation."