Virgin Hyperlink Statement on the Resignation of Sir Richard Branson as President of the Company

DP World announced that after Virgin HyperLink announced the resignation of Sir Richard Branson as president of the company, the company would seek a new president to lead the next phase of its development as a leader in Hyperblop technology. .

"As the first investor in the port of Jeddah in 20 years, we are committed to supporting Dubai Ports World's efforts," said Sultan Ahmed Bin Sulayem, President and CEO of DP World Group. The Kingdom is developing its economy. Trade and infrastructure are key pillars to support growth, as well as technology and automation, and we are working closely with the government to explore new growth opportunities. "

"As partners of the Saudi government, we are committed to supporting the 2030 Vision for Saudi Arabia launched last year by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz. added value in the long term by offering innovative and sustainable solutions, "said Bin Sulayem. Which is in the interest of all. "

"Dubai Ports World is the largest shareholder of Virgin Hyperlink One because we recognize the need for a high-speed HyperLoop Freight Network that meets fast shipping requirements worldwide .This technology serves our vision of facilitate intelligent trading worldwide,.

Virgin RiverWon announced today that Sir Richard Branson has decided to resign from his position as Chief of the Company because of the time, dedication and commitment he needed to play a role important in the growth and development of the company and that he would continue to be an important supporter of the pilot project and the company.

"It occupies a strong position and the time has come for a new president to carry out the development and growth of the company."

Sir Richard said: "For the first time in 20 years, I was president of the company last year when I took the chair of HyperLoop to help it. going forward We have signed important agreements in India and Spain and are collaborating with several US states to develop this exceptional technique. "

"At this stage of the company's growth and development, I think that it needs a full-time president, able to focus more on the activities and opportunities of the company." It's hard for me to meet these commitments because I spend a lot of time on philanthropic projects and managing many businesses within the Virgin Group. "