The leading transportation company just announced to CNBC, that they want to build a high-speed transportation system in the Middle East that can reduce the travel time between Dubai, Abu Dhabi, and Saudi Arabia.

“We conducted a first feasibility study. It was successful with the government of Abu Dhabi,” Bibop Gresta, chairman of Hyperloop Transportation Technologies, told CNBC’s “Capital Connection”.

According to CNBC; HTT is one of the companies developing the Hyperloop, a futuristic, super-fast transportation system. It would work by propelling pods, carrying people or cargo, through a large tube at speeds of 750 mph using magnets; it is seen as a solution to long-distance travel and also a means of alleviating congestion.

WE SAID THIS: We’ll keep you updated … Meanwhile, how long do you think it’s going to take them to get such a project up and running?

Ahmed, AKA Mansour, is a diligent Writer/Journalist with a business background. He’s very passionate about writing, movies, and politics. He “slaps the bass” and his life’s motto is “if it’s too loud, then you’re too old”.

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