DP World & Virgin Hyperloop One Global Launch of Cargospeed

DP World unveiled a new partnership with Virgin Hyperloop One to build an ultra high speed cargo delivery system. The joint venture, named DP World Cargospeed, will design a hyperloop system to deliver freight from point to point.

The announcement was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in addition to Richard Branson, the Chairman of Virgin Hyperloop One, and Sultan Ahmed bin Sulayem, the Chairman and CEO of DP World.