[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.06.03 09:29
• [Liaoning Xudabao Nuclear Power Unit 3 Successful Hot Test]
• On June 2, 2026, the latest progress was made in the Sino Russian nuclear energy cooperation project - the thermal performance test of Liaoning Xudabao Nuclear Power Unit 3, which is controlled by China Nuclear Power Investment under China National Nuclear Corporation, was successfully completed, laying a solid foundation for subsequent work such as nuclear fuel loading and grid connected power generation. The project plans to construct 6 million kilowatt pressurized water reactor nuclear power units, with a one-time planning and phased construction, with a total installed capacity of over 7.6 million kilowatts and a total investment of 140 billion yuan.Editor/Gong Ziwei

• 2026.06.03 09:19
• [The world's first methanol ship conversion EPC project has been delivered]
• The world's largest independent container ship owner, Seaspan 10K series methanol dual fuel retrofit project, has successfully completed the entire retrofit project for the first ship, SEASPAN YANGTZE, at COSCO SHIPPING Heavy Industries in Shanghai ahead of schedule and delivered it for operation. This project is the world's largest independent container ship owner's first methanol dual fuel EPC general contracting project.Editor/Gong Ziwei