Misk Foundation and Virgin Hyperloop One sign major deal

Bader Al-Asaker, secretary general of the Misk Foundation, with Josh Giegel, founder of Virgin Hyperloop One, at the signing ceremony in Riyadh. (AN photo)
Updated 17 November 2017

Misk Foundation and Virgin Hyperloop One sign major deal

RIYADH: The Misk Foundation and Virgin Hyperloop One have announced a memorandum of understanding on providing training, education, and professional opportunities to Saudi youth. The announcement was made at the Misk Global Forum.
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.”


King Salman chairs ministers meeting to approve budget

Updated 25 min 3 sec ago

King Salman chairs ministers meeting to approve budget

The Saudi Council of Ministers is holding a session headed by King Salman to approve the budget.