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Vice President of Virgin Hyperlink 1 in the Gulf, Colin Rice, predicted that the Kingdom's residents will travel with the world's most advanced mobility technology, the hyperlink, by 2020, and will begin to generate profits in 10 years.
He explained that ticket prices would be at the same level as bus and train tickets, and lower than the price of aviation, and at the cost of installation of one kilometer between 15 and $ 20 million, expressing the company's enthusiasm to transfer this technology to Saudi Arabia.
"The project is expected to generate profits in the next 10 years because it will return significantly to the Kingdom in the light of the global shift in the transport sector and give it an opportunity to take the lead in the sector", Rice said.
He said the departure would be a line connecting Riyadh to Jeddah, in just 50 minutes, or lines connecting Riyadh – Dammam, Jeddah – Newum, Riyadh – Qadayah, and that the route on this last line should not exceed 7 minutes.
The system will generate significant revenues for the Kingdom, in addition to the location of jobs. The Hyperlink 1 systems will be built on poles or tunnels, completely and independently, with a complete electrical system without direct emissions. Current projects are supported. in the Kingdom, the United Arab Emirates, India, Spain and America.
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