Shelved plans for a UAE hyperloop system could be dusted off thanks to renewed interest in developing a passenger line in Italy by 2029.
The industry was dealt a blow in December when Hyperloop One – the start-up that proposed a high-speed transport system in the Emirates and other countries – announced it was ending its development and selling assets.
Although a long-established means of high-speed travel in theory, the electric-powered tube technology proved expensive and difficult to achieve in reality, despite 1,000kph speeds having the potential to cut travel times and the environmental impact of mass travel.
But the plans in Italy have renewed interest as Andres de Leon, chief executive of HyperloopTT, says “now there is a real project, there is a real opportunity”.
We are changing the world from the point of view of transport infrastructure
Andres de Leon,
HyperloopTT chief executive
The proposed hyperloop link between Venice and Padua is a joint venture between the Italian government and private investors.
The €800 million ($862 million) project aims to become the world’s first working passenger system and will incorporate freight logistics in an effort to take heavy goods vehicles off the busy route in Italy’s industrial north.
“Since the announcement of the Italian project and now the signature of the contract, this has reignited the interest in hyperloop elsewhere,” Mr de Leon told The National.
“Now there is a real project, there is a real opportunity. With the pandemic, there was a moment where interest decreased and the conditions to progress the industry were very difficult.
“And because of that, we have relaunched conversations in the region.
“With the environment in this region, we are re-engaging with partners and with people interested about this in the past.
“Now we are seeing a resurgence in worldwide interest.
“If there's going to be this money for the technology development [in Italy], we can capitalise on that worldwide. There are good opportunities.”
The Venice-Padua link
Once complete, it is hoped the Hyper Transfer project will reduce heavy traffic, decrease traditional transport times and energy consumption, improve road safety, and enhance connections between Venice-Mestre and Padua.
Bibop Gresta, founder and chief executive of Hyperloop Italia, said the industry is ready for the next stage of development.
“The hyperloop sector's growth is remarkable, marking a renaissance period,” he said.
“HyperloopTT's decade of technological development, alongside rapid advancements in Europe and China's successful tests, underscores the industry's vitality.
“Italy stands poised to be at the forefront of this eco-friendly, high-speed transport revolution.”
Hyperloop One: a history
Founded in 2014, Hyperloop One – formerly Virgin Hyperloop – had pressed on with research and development, raising more than $450 million in investment and creating a passenger test track in the Nevada desert.
High-profile investors included DP World, which backed the project since 2016 and aimed to introduce the technology to freight operations.
A hyperloop simulator at Expo2020 in Dubai showed the potential of the system to transform logistics.
Meanwhile, rivals HyperloopTT were close to launching the technology in Abu Dhabi in 2020, before the global pandemic derailed plans.
With a development site in Brazil, planned freight operations in Germany and a running test track in France, HyperloopTT had looked the front-runner in overcoming significant financial obstacles, as well as developing a regulatory and insurance safety framework.
Doubters have been too quick to sound the death knell for the technology, according to Mr de Leon, who said the science retains the potential to transform travel.
“The news of the closing of Hyperloop One was not good news for the industry, that’s logical – but on the other hand, we recognised their efforts to advance the industry,” he said.
“The industry is growing, with some small companies in Europe and it's also important to say that China is advancing in the hyperloop.
“The main message is the industry is in good health, it’s also true we have been 10 years in development.
“People ask if this going to arrive or not, and when is it coming?
“It is important to understand we are not just doing a typical start-up, a web application or a mobile app – we are changing the world from the point of view of transport infrastructure.”
The system moves people and goods at air travel speeds safely, efficiently and sustainably.
Scientists claim it has the potential to reduce travel times between city centres from hours to minutes, promoting widespread economic expansion throughout connected regions while replacing current emissions-heavy travel options.
The global picture
High-speed rail networks using bullet trains and magnetic levitation are currently the fastest ground transport systems, reaching around 500kph in Shanghai.
While hyperloops can be faster and aim to run continuously between points, they will carry fewer passengers.
Other players in the industry include Hardt Hyperloop in the Netherlands, Spanish company Zeleros and DGW Hyperloop – India’s first venture that completed a feasibility study to cut travel times from Delhi to Mumbai from three hours to under an hour.
California-based HyperloopTT is now shifting focus from its 300-metre test track in Toulouse to bring the high-speed link to Italy.
Results
5pm Maiden (PA) Dh80,000 1,400m
Winner No Riesgo Al Maury, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm Handicap (PA) Dh80,000 1,600m
Winner Marwa W’Rsan, Sam Hitchcott, Jaci Wickham.
6pm Handicap (PA) Dh80,000 1,600m
Winner Dahess D’Arabie, Al Moatasem Al Balushi, Helal Al Alawi.
6.30pm Handicap (PA) Dh80,000 2,200m
Winner Safin Al Reef, Connor Beasley, Abdallah Al Hammadi.
7pm Wathba Stallions Cup Handicap (PA) Dh70,000 2,200m
Winner Thulbaseera Al Jasra, Shakir Al Balushi, Ibrahim Al Hadhrami.
7.30pm Maiden (TB) Dh 80,000 2,200m
Winner Autumn Pride, Szczepan Mazur, Helal Al Alawi.
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
UAE SQUAD
Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani
Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Salem Rashid, Mohammed Al Attas, Alhassan Saleh
Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Yahya Nader, Ahmed Barman, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah, Yahya Al Ghassani
Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
The five pillars of Islam
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Seven%20Winters%20in%20Tehran
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MATCH INFO
Maratha Arabians 107-8 (10 ovs)
Lyth 21, Lynn 20, McClenaghan 20 no
Qalandars 60-4 (10 ovs)
Malan 32 no, McClenaghan 2-9
Maratha Arabians win by 47 runs