The opening date of the much-anticipated UAE Hyperloop has been revealed, with the launch set to take place next year.
It's set to be the first commercial track of its kind, and will cost somewhere between $20 and $40 million per kilometre.
Abu Dhabi's Aldar signed a deal to start working on the 150-kilometre project last year.
But Bibop Gresta, chairman of Hyperloop Transportation Technologies, says that amount can be recouped in 15 years.
The first 10km stretch will be ready by 2020 and, when complete, the Hyperloop will cut travel time between Dubai and Abu Dhabi to 12 minutes.
“It was a far-fetched dream, but we are all excited now that it’s a dream coming true in the UAE in 2020,” Gresta said.
“Basically, the Abu Dhabi Hyperloop system is right now past the feasibility study. We have already completed the study after we partnered with Aldar Properties last year. It will be the first commercial Hyperloop line in the world.”
The Hyperloop TT site will on the border of Abu Dhabi and Dubai, near the Expo 2020 site.