[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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• 2026.05.14 15:36
• [The Jiatong Railway Capacity Expansion and Renovation Project has been fully restarted]
• Recently, the expansion and renovation project of China Railway 23rd Bureau Jiatong Railway started the first three-level blockade construction in 2026 at Tongjiang Station. 210 builders used an 8.5-hour large skylight mode to complete the temporary platform construction between tracks I and II. Tongjiang Station is located adjacent to the Sino Russian border port and is a key logistics hub. Innovative and penetrating grid management mode for the project ensures that the entire construction process is controllable and traceable, and fully promotes the annual construction goals. Editor/Cheng Liting

• 2026.05.14 15:36
• [The Luanda Ring Expressway project has started construction]
• On May 12, 2026, the construction of the Mujima Zangu 2-B/3-B section of the Luanda Ring Expressway, which was undertaken by China Railway 20th Bureau Angola Company, officially began. The total length of the two roads is 19.4 kilometers, with a two-way 7-meter concrete pavement. After completion, the traffic capacity will be increased by more than three times. The travel time from Mujima to Zangu District 3 will be reduced from 40 to 60 minutes to 15 to 20 minutes. Nearly 800000 residents along the route will completely get rid of the mud and dirt road problems and be interconnected with the new airport passage in Luanda. Editor/Cheng Liting