April 18, 2018 / 12:21 PM / 3 months ago

BRIEF-Aldar Properties Signs MoU With Hyperloop TT

April 18 (Reuters) - ALDAR PROPERTIES:

* SIGNS MOU WITH HYPERLOOP TRANSPORTATION TECHNOLOGIES (HYPERLOOP TT)

* SAYS MOU SIGNED TO BRING FIRST COMMERCIAL HYPERLOOP SYSTEM, HYPERLOOP RESEARCH AND DEVELOPMENT, DEMONSTRATION & VISITOR CENTRE, AND INNOVATION HUB TO ABU DHABI

* MOU WITH HYPERLOOP TT WILL ENABLE DEVELOPMENT OF NEW URBAN CENTRE WITHIN ALDAR’S SEIH AL SDEIRAH LANDBANK AND IN CLOSE PROXIMITY TO ALGHADEER

* HYPERLOOP TT FUTURE PLANS INCLUDE CONSTRUCTION OF LINE IN SEVERAL PHASES STARTING WITHIN 10 KM ALLOCATION, WITH FURTHER DEVELOPMENT AIMED AT CREATING COMMERCIAL HYPERLOOP NETWORK ACROSS EMIRATES AND BEYOND Source: (bit.ly/2H8CQpA) Further company coverage:

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