A Hyperloop in Dubai?
Dubai looks to be an early adopter of hyperloop technology when it comes to cargo transportation. Could Saudi Arabia’s Public Investment Fund venture with SoftBank Group also take a look at hyperloop?
Gulf countries are increasing their capital allocation toward both technology and infrastructure. DP World is the #3 biggest ports operator on the planet and is looking to grow revenue by backing speculative transportation technology. If hyperloop technology works and is commercially feasible, DP World could witness an unprecedented increase in revenues globally. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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