Dubai’s Port of Jebel Ali could be the first place to receive a commercial hyperloop system once testing of the concept is complete, reports the Wall Street Journal.
DP World, the large marine port operator that runs Dubai’s port, has confirmed it will invest $50 million into Hyperloop One, the company bringing Elon Musk’s dream of a 5th mode of transport to the real world.
According to Hyperloop One chairman Shervin Pishevar, the company has raised $160 million for the construction of its full-scale test track in Nevada and once the track is completed next year, plans another equity round.
If the futuristic concept can be proved in testing, the Dubai port would be outfitted with a hyperloop system catering for cargo and include lengths both underwater and above ground.
Elon Musk’s idea for a hyperloop system was published in August 2013 and could see people traveling at speeds of 800 mph (1,280 km/h) inside steel tubes and on board train-like carriages.
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