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FX Daily Updates
Dubai signs deal for Dubai Loop project with Elon Musk's infrastructure firm
georgemiller
Publish Date: Fri, 14 Feb 2025, 07:44 AM

DUBAI, Feb 14 (Reuters) - Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum on Friday signed an agreement for construction of the Dubai Loop project with Elon Musk's infrastructure firm the Boring Company, Dubai Media Office said in a statement.
The project between the Roads and Transport Authority and Musk's company has a capacity of 160,000 passengers per hour and a track length that exceeds 100 kilometers (62 miles), the statement said.
The Dubai Loop is a high-speed transportation network.
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https://www.reuters.com/world/middle-east/dubai-signs-deal-dubai-loop-project-with-elon-musks-infrastructure-firm-2025-02-14/