DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, was launched in Dubai to provide hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo. The first initiative of its kind in the world, DP World Cargospeed will provide exceptional service for high-priority, on-demand goods, delivering freight at the speed of flight and closer to the cost of trucking. Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, and VP & PM of the UAE, said, “The UAE is keen to be a leading player in shaping the future of the world. Advanced technologies are at the centre of the UAE’s vision for development, which is driven by a deep understanding of the needs of the future.