The Ministry of Transport (MoT) in the Kingdom of Saudi Arabia, has announced a contract agreement with Virgin Hyperloop One (VHO), the world’s leading Hyperloop company.

Virgin Hyperloop One (VHO), the world’s leading hyperloop company, today announced the results of a strategic study commissioned to build the world’s first extended test and certification hyperloop track in the Kingdom of Saudi Arabia. The study also set out plans for an R&D center and manufacturing facility to support the development of the groundbreaking hyperloop technology.

A US startup that is developing a supersonic rail transit system which it claims will represent the future of public transportation, has announced that it will construct a research center worth $500m in Spain. Virgin Hyperloop One reached an agreement with Spanish state-owned rail infrastructure firm ADIF after a series of protracted talks.