Abu Dhabi, UAE - April 28, 2018

Statement: On April 18, 2018 Hyperloop Transportation Technologies (HyperloopTT) signed an agreement to start construction of a Hyperloop system as well as HyperloopTT’s XO Square Innovation Center, and a Hyperloop Visitor Center at the Seih Al Sdeirah landbank in Abu Dhabi.

The proposed construction site is located on the border of the Emirates of Abu Dhabi and Dubai, close to the Expo 2020 site and Al Maktoum International Airport, however, any further development of the HyperloopTT system is subject to careful study and extensive regulatory review and approval.

We are taking steps to halt the spread of misinformation and are working to address any confusion surrounding last week’s announcement.