The competition between hyperloop developers in the Middle East is heating up, with the two main operators — Hyperloop Transportation Technologies (HTT) and Virgin Hyperloop One — sniping over the use of the name "hyperloop" and territorial ambitions.
"We are the original hyperloop, we own the brand hyperloop," Bibop Gresta told's "Capital Connection on Monday."
"We are focused on passengers," he said. "We are the first company that actually brings this technology to reality, and we are building the first commercial line in Abu Dhabi."
HTT is among several companies developing the hyperloop. The system works by propelling pods through a large tube, using magnets, at speeds of up to 750 miles per hour.