Hyperloop One unveils first look of test project

Hyperloop is the vision of Elon Musk, the man behind Tesla and SpaceX, who made the technology patent-free in a bid to encourage worldwide scientific collaboration around the futuristic concept.

"Building a Hyperloop would vastly impact the economy and make any major city in the GCC accessible within one hour", Lloyd said. It's slated be used for its first public trial of the company's Hyperloop technology within the next three months.

Hyperloop passengers would be propelled in capsules, floating on a cushion of air through low-pressure tubes.

The Hyperloop system is a new mode of transportation, capable of connecting to all modes of existing transportation and helping individuals be anywhere and move anything with on-demand autonomous transport. Dubbed the DevLoop, HyperLoop One's test track is now 1,640 feet long and plans indicate it will be a total length of two miles.

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Hyperloop One, formerly known as Hyperloop Technologies, hopes its near-frictionless high-speed pods that would travel through enclosed tubes on land or in the ocean, could prove to be a safe and efficient alternative for transporting people and goods.

The 500 meter-long DevLoop, which has a diameter of 3.3 meters is located 30 minutes from Las Vegas in the Nevada desert.

Maglev train developer Hyperloop Technologies Inc. said it's in talks with sovereign wealth funds in the Persian Gulf as it seeks to bring the super-fast transportation system to the region and raise $300 million from global investors over six months.

The company says that pipeline could be ready by 2020, but before that happens, it first needs to demonstrate that its full-scale DevLoop prototype in Nevada works - and can safely reach the insane speeds its engineers have promised.

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At this point in time with the DevLoop test site, Hyperloop One are ahead of everybody else.

The first commercial installation is set to travel around 100 miles from Dubai to Abu Dhabi in 12 minutes.

About 4,000 vehicles travel between the two Middle East cities every day, Hyperloop One estimates, and traffic congestion in Dubai amounts to $800 million in lost working hours.

Hyperloop One isn't the only company in the running for creating our tube-based transportation future.

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