The agreement aims to seed long-lasting economic, social, and innovation benefits for the Kingdom by developing a highly skilled knowledge-based, cutting edge workforce.
Virgin Hyperloop One will develop a new transportation network within the Gulf that will bring unprecedented connectivity to the region.
When completed, its network will enable people to travel between most cities in the region in less than one hour.
It will be a significant contribution to making Saudi Arabia a global leader in land transportation, alongside other plans to develop its aviation and maritime logistics.
Josh Giegel, co-founder and CTO of Virgin Hyperloop One, said: “Through this partnership with the Misk Foundation, we hope to empower the youth of Saudi Arabia, cultivating the next generation of technology innovation.”