[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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• 2026.07.27 17:12
• [Two major projects in Henan Province have announced the candidates for winning bids]
• Two major projects in Henan Province have announced their bidding candidates, and the second round of bidding for the 200MW independent energy storage power station in Junxian County has been shortlisted by three consortia. The consortium of China Energy Engineering Xinjiang Institute has quoted nearly 800 million yuan, ranking first; The 6 billion yuan Aotou bauxite mining project in Ruzhou has been awarded multiple sections, with China Railway and China Construction Group, as well as several central and local construction enterprises, winning first place in each section. The mining area has a reserve of 5 to 6 million tons and covers an area of 6.03 square kilometers.Editor/Gong Ziwei

• 2026.07.27 17:10
• [Chinese made air taxis land in Kazakhstan]
• On July 24, 2026, Shanghai Fengfei Aviation's self-developed large electric vertical takeoff and landing aircraft completed its maiden flight in Astana, Kazakhstan, as a supporting event for the 3rd Future Games. The unmanned demonstration flight had a maximum speed and range of 200 kilometers per hour. Kazakhstan has introduced regulations related to low altitude economy to regulate the development of eVTOL industry. The company plans to expand its logistics, rescue, cultural tourism and other applications in Central Asia by using Kazakhstan as its first stop. The aircraft will also be publicly exhibited on July 29-30, 2026.Editor/Gong Ziwei