RIYADH: US-based Virgin Hyperloop One (VHO) recently signed a memorandum of understanding with 黑料社区鈥檚 King Abdullah University of Science and Technology (KAUST) to in a project to develop the Kingdom鈥檚 transport sector.
The globally-leading hyperloop company agreed with the university to develop the country鈥檚 transportation infrastructure by 鈥渇ostering the exchange of scientific and technological knowledge,鈥 according to a statement.
The California-based company and the Kingdom's leading private research institution signed the partnership at the Future Investment Initiative (FII) in Riyadh earlier this month.
Virgin's has just signed an agreement with , heralding a new era in the future of mobility in and beyond.
鈥 Saudi Embassy (@SaudiEmbassyUSA)
The announcement came after the leading developer of hyperloop technology and King Abdullah Economic City (KAEC) published the findings of a feasibility study on the establishment of a centre of excellence at KAEC.
The study included the world's first full-speed testing track and a manufacturing facility from which Hyperloop parts would be exported to another market.听
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