[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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• 2026.08.20 16:15
• [Hydroelectric consortium wins bid for Philippine water supply tunnel construction project]
• Recently, a consortium led by hydropower won the bid for the 1B and 1C sections of the East Manila Water Supply Tunnel in the Philippines. The project will construct a water supply tunnel and supporting facilities with a total length of about 15 kilometers. After completion, it can increase the local water supply scale, improve the water supply system in the eastern part of Metro Manila, and help improve people's livelihoods and local economic development. Editor/Min Jing

• 2026.08.20 16:15
• [Main Structure of Welfare Interchange Grand Bridge on Guizhong Expressway Completed]
• On August 17, 2026, CR1G was responsible for the construction of the Guizhong Expressway Welfare Interchange Main Line Extra Large Bridge, which completed the installation of all T-beams and the main structure was successfully completed. A total of 571 pieces of 30 meter T-beams were erected in the project, releasing the interconnection construction working face and creating favorable conditions for subsequent parallel construction of multiple sections. Editor/Min Jing