[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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• 2026.08.03 11:20
• [Main Works of Anhui Huoshan Pumped Storage Project Awarded to Two Central SOEs]
• The two core sections of Anhui Huoshan Pumped Storage Power Station with a total investment of 7.556 billion yuan have been finalized, and Sinohydro 5 has won the bid for reservoir related projects, totaling over 1.4 billion yuan. The project is about to enter the main construction phase, which will assist in the construction of Anhui's new power system and local development. Editor/Min Jing

• 2026.08.03 11:19
• [Inwi and Huawei Launch 8T8R Commercial Deployment on Morocco High-Speed Rail]
• Moroccan operator inwi collaborates with Huawei to complete the commercial deployment of dual band 8T8R along the high-speed rail line, leveraging HyperBeamforming technology to expand signal coverage and significantly enhance the downstream network experience. The plan does not require the addition of new base stations, optimizes the quality of high-speed rail mobile communication, and helps with local digital construction. Editor/Min Jing