Foster+Partners to launch plan for Saudi Hyperloop project in Future Investment Initiative 2019

London-based architecture and design firm Foster+Partners has joined California-based Virgin Hyperloop One in developing high-speed, mass transit Hyperloop systems across Saudi Arabia, the firm said on Tuesday.

The company will also make a formal announcement during the upcoming Future Investment Initiative (FII) summit happening on October 29-31, 2019, in Riyadh, Saudi Arabia.

“@FosterPartners joins @hyperloopone in developing high-speed, mass transit Hyperloop systems across Saudi Arabia. A key component of Vision 2030, it will connect people and enable tourism across the Kingdom and the wider region. Launching 29 October at @SaudiFii, Riyadh,” the firm tweeted.

In July this year, Virgin Hyperloop One announced a development partnership with Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification Hyperloop track, a research and development center, and a Hyperloop manufacturing facility in Jeddah, Argaam reported earlier.

Virgin Hyperloop One systems can bring about a significant boost to Saudi Arabia’s economy through enhancing the GDP growth rate by 1 to 2 percent, Colin Rhys, VP - Arabian Gulf, of the Los Angeles-based Virgin Hyperloop One, told Argaam in an interview earlier.