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Dubai Teams Up With Elon Musk’s Boring Company For “Dubai Loop”

The proposed underground transport system will span 17 kilometers and include 11 stations, serving over 20,000 passengers per hour.

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dubai teams up with elon musk's boring company for dubai loop

Dubai is making a bold move toward futuristic transportation after announcing that its Roads and Transport Authority (RTA) will team with Elon Musk’s The Boring Company to develop the “Dubai Loop.” The collaboration was revealed during the recent World Governments Summit, an annual event that gathers global leaders to discuss future innovation.

The proposed Dubai Loop will span 17 kilometers underground and include 11 stations, aiming to transport over 20,000 passengers per hour. Operating with driverless electric vehicles, the system promises a rapid, congestion-free travel experience — similar to the Las Vegas Loop.

According to The Boring Company, the Dubai Loop will function as a point-to-point system, allowing passengers to reach their destination directly without intermittent stops. With speeds reaching up to 160 km per hour (100 mph), the system will offer a fast and efficient alternative to traditional public transport.

Elon Musk confirmed the partnership via video link at the World Governments Summit, describing the project as a way for travelers to move through Dubai like passing through a “wormhole” — eliminating long distances and traffic congestion.

Also Read: Etihad Rail Plans 30 Minute Dubai To Abu Dhabi Train Link

Omar Sultan Al Olama, the UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, who led the discussion with Musk, highlighted the project’s potential impact. “The Loop project is going to cover Dubai’s most densely populated areas for people to go from point to point in a seamless manner. We hope to change people’s lives”.

During the discussion, Musk, who is also leading the Trump administration’s DOGE (Department of Government Efficiency) emphasized the need for streamlined government processes and technological advancements in governance. He noted that efficient tunnel-based transport offers a safer and more practical alternative to emerging concepts like flying cars and UAVs.

Once operational, the Dubai Loop will connect key areas across the city, significantly cutting travel times and revolutionizing urban mobility.

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NEOPAY Wants To Follow Merchants Across Channels And Borders

A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.

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neopay wants to follow merchants across channels and borders

It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.

The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.

For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.

“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.

Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country

NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.

The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.

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