The Boring Company to Build 150km of Tunnels in UAE

Sep 10, 2026

63 min

Sep 10, 2026 08:31

Elon Musk’s The Boring Company plans 150km of tunnels in UAE, raises $3 billion

## Major Expansion in UAE

Elon Musk's The Boring Company plans to construct 150 kilometers of transport tunnels across the UAE, marking a significant expansion of its underground infrastructure. This initiative follows the company's successful implementation of a similar system in California.

## Funding and Valuation

The company has raised $3 billion in a recent funding round, which has increased its valuation to $23 billion. The funding was led by UAE-based investors and includes contributions from prominent firms such as Human Capital, Vy Capital, and Sequoia Capital.

## Strategic Investment

This investment builds on the existing collaboration with the UAE, particularly the Dubai Loop project. The Boring Company aims to accelerate the deployment of its Loop system, which has already transported over four million passengers in Las Vegas since 2021.

## Global Expansion

In addition to the UAE project, The Boring Company is advancing tunnel projects in other locations, including Nashville, Tennessee. The company's technology has moved beyond the proof-of-concept stage, demonstrating its potential for global application.

## Investor Confidence

Despite previous challenges in realizing its ambitious hyperloop vision, the successful completion of this funding round indicates strong investor confidence in Musk's ventures. Musk's track record with Tesla and SpaceX continues to attract significant backing for his innovative projects.

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