 "Elon Musk's The Boring Co signs preliminary deal on Dubai Loop project")
Elon Musk's The Boring Company and Dubai's Road and Transport Authority (RTA) have signed an initial agreement to build the Dubai Loop, an underground high-speed transport network spanning 17km (10.6 miles), they said on Friday.
The United Arab Emirates' Artificial Intelligence Minister, Omar Al Olama, announced the project on a video interview with Elon Musk during the World Governments Summit on Thursday without providing further detail.
The Boring Company said the memorandum of understanding covers an initial pilot phase of 11 stations, transporting passengers at speeds up to 160km per hour.
It will cover the most congested areas of Dubai, the emirate's government media office said on X, the social platform owned by Musk.
The aim is to carry more than 20,000 passengers per hour initially, with eventual capacity of more than 100,000 people per hour.
No timeline was given for the project.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%