DUBAI 1 May 2018: DP World and Virgin Hyperloop One are partnering to launch futuristic and ultra-fast global hyperloop company for cargo – DP World Cargospeed.
The announcement on Queen Elisabeth 2 luxury hotel liner was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, along with Richard Branson, Chairman of Virgin Hyperloop One and Sultan bin Sulayem, Chairman of DP World.
The new company will provide exceptional service for high-priority, on-demand goods, delivering freight at the speed of flight. It will support the fast, sustainable and efficient delivery of palletised cargo.
Sultan bin Sulayem said “Dubai has always pushed the boundaries of innovation. We have made a significant investment in Virgin Hyperloop One because we see the need for a hyperloop-enabled cargo network to support rapid, on-demand deliveries globally.
Sir Richard Branso, said: “DP World Cargospeed systems powered by Virgin Hyperloop One will enable ultra-fast, on-demand deliveries of high-priority goods and can revolutionise logistics, support economic zones, and create thriving economic mega-regions.”
Rob Lloyd, CEO of Virgin Hyperloop One, said DP World Cargospeed will offer unprecedented customer experience, reliability and the freedom from having to plan too far ahead.
. @DP_World and Virgin @HyperloopOne are partnering to launch ultra-fast hyperloop for cargo .. The DP World Cargospeed. pic.twitter.com/nVyu3vddqN
— Dubai Media Office (@DXBMediaOffice) April 29, 2018
. @DP_World and @HyperloopOne join hands to build a future for cargo that is renewable, on-demand, fast and cost-effective. Stay tuned for an exciting announcement later today. #Dubai pic.twitter.com/IRJe1xoFTb
— Dubai Media Office (@DXBMediaOffice) April 29, 2018