The hyperloop company and the KAUST university signed the partnership at the Future Investment Initiative (FII) They both agreed to develop the country’s transportation infrastructure RIYADH: US-based Virgin Hyperloop One (VHO) recently signed a memorandum of understanding with Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) to in a project to develop the Kingdom’s transport sector. The globally-leading hyperloop company agreed with the university to develop the country’s transportation infrastructure by “fostering the exchange of scientific and technological knowledge,” according to a statement. The California-based company and the Kingdom"s leading private research institution signed the partnership at the Future Investment Initiative (FII) in Riyadh earlier this month. Virgin"s @HyperloopOne has just signed an agreement with @KAUST_News, heralding a new era in the future of mobility in #SaudiArabia and beyond. pic.twitter.com/tthnKng5tj — Saudi Embassy (@SaudiEmbassyUSA) November 12, 2019 The announcement came after the leading developer of hyperloop technology and King Abdullah Economic City (KAEC) published the findings of a feasibility study on the establishment of a centre of excellence at KAEC. The study included the world"s first full-speed testing track and a manufacturing facility from which Hyperloop parts would be exported to another market.