NewsPod: Saudi Arabia partners with Virgin Hyperloop One

Virgin Hyperloop One had some big news on April 4th, CEO Richard Branson showed the Crown Prince of Saudi Arabia, His Royal Highness Mohammed bin Salman bin Abdulaziz. They Visited Virgin Hyperloop One’s test pod.

Late last year, the company raised $50 million as it was running low on cash. It’s now making a big push to win a contract to build the first commercial version. Dubai is also interested in the hyperloop with Dubai based board member Sultan Ahmed Bin Sulayem. Sir Branson and Chief Executive Officer Rob Lloyd hosted Saudi Arabia Crown Prince Mohammed bin Salman at a Virgin Galactic un Mojave Desert, where they showed off a repainted Hyperloop Pod that is highlighting Saudi Arabia's Vision 2030.  Kingdom of Saudi Arabia's Vision 2030, the long-term diversification strategy spearheaded by Crown Prince Mohammad bin Salman to bring wide ranging economic, social reforms, and modernization to the Kingdom. The King wants to move the Kingdom of Saudi Arabia from a technology consumer to a technology innovator. Traveling from Riyadh to Jeddah would take 76 minutes (currently over 10 hours) utilizing the land bridge for both passenger and freight movement, positioning KSA as the gateway to 3 continents. Traveling from Riyadh to Abu Dhabi would take 48 minutes (currently over 8.5 hours).

Also there is young Saudi talent through an internship exchange program at the company’s Innovation Campus in the United States.

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