Miral Signs MoU with skyTran to Revolutionise Transportation in Abu Dhabi's Yas Island

skyTran, a NASA Space Act Company, will introduce innovative next-generation personal rapid transit system for the first time in the Middle East

ABU DHABI, UAE, June 29, 2016 /CNW/ - Miral announced today the signing of a Memorandum of Understanding (MoU) with skyTran® Inc., a NASA Space Act Company, headquartered at the NASA Research Park near Mountain View, California. The agreement will launch the study and implementation of skyTran, a personal rapid transit (PRT) system, for the first time in the Middle East on Yas Island, Abu Dhabi.

To view the Multimedia News Release, please click: http://www.multivu.com/players/uk/7871551-miral-signs-mou-skytran-yas-island/

skyTran's computer-controlled, 2-person "jet-like" vehicles employ unique, state-of-the-art, skyTran Magnetic Levitation (STML^TM) technology instead of wheels. The patented, high-speed, low-cost, elevated PRT system, built at NASA Ames Research Center will have cars zipping above traffic from one destination to another in a safe, timely, and energy efficient manner across the Island. The project aims to connect the current and future destinations on Yas Island and eventually link it to Abu Dhabi International Airport.

Commenting on the MoU, Mohamed Abdulla Al Zaabi, CEO of Miral, said: "Innovation remains at the heart of what we do on Yas Island. While we continue to build world-class destinations and expand Yas Island, it is imperative that we are able to implement an urban transportation solution which is not only energy efficient but also adds another level of excitement to our visitors' experiences. With skyTran, we have a partner who not only shares our vision for innovation in Abu Dhabi, but are developing a service which will transform the Yas Island experience, and grow our appeal to the millions of residents and tourists who visit us from the UAE and across the world."

The innovative skyTran solution for transportation complements Miral's vision to create unique and exciting experiences for residents and visitors to Yas Island from across the globe. As visitation to Yas Island grows, skyTran's path-breaking design will allow for expansion of its network with ease, where more tracks can be installed and additional vehicles added to the network to manage increased demand. The use of a sophisticated computer network enables vehicles to travel at optimum speed and spacing in a safe and efficient manner depending on passenger demand.

"skyTran truly is a smart transportation solution for smart cities and we are proud to be able to bring this path-breaking technology to the Middle East for the first time. With our access to NASA's cutting-edge technology and expertise, we are able to introduce a solution on Yas Island which paves the way for Abu Dhabi to define the Middle East's innovative mode of transport for the future," said skyTran CEO, Jerry Sanders.  

Yas Island currently attracts over 25 million visitors every year to attractions which include Ferrari World Abu Dhabi, Yas Waterworld, and the Yas Marina Formula 1 circuit. With the opening of the Warner Bros. theme park in 2018, visitors to Yas Island from around the world is expected to grow to over 30 million.  

About Miral  

Miral is Abu Dhabi's creator of destinations, uniting people and places through unique, immersive and exciting experiences. Responsible for the development and management of Yas Island, Miral's assets encompass entertainment, hospitality, leisure, sport, dining, retail and real estate destinations. Today, Yas Island is home to Ferrari World Abu Dhabi, Yas Waterworld, Yas Links Golf Course, Yas Mall, Yas Marina Circuit, Yas Marina and seven hotels, including the flagship Yas Viceroy. For more information on Miral, visit http://www.miral.ae.

About Skytran 

skyTran^® Inc., headquartered at the NASA Research Park (NRP) in the heart of Silicon Valley, skyTran systems will transport passengers and cargo alike in a fast, safe, green, and economical manner. skyTran intends to revolutionize public transportation and the moving of light cargo within urban and suburban communities.

SOURCE Miral Asset Management