[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
On April 23, 2026, POSCO confirmed an additional investment of 4.3 billion US dollars in Indonesia, with the goal of building a high-end automotive steel base by 2029, with an annual output of approximately 2 to 3 million tons.Editor/Gao Xue
On April 18, 2026, the total number of cross-border road shuttle buses shipped by the Western Land Sea New Corridor in 2025 was 12555, with a value of 17.417 billion yuan, an increase of 91% and 306% respectively year-on-year, both reaching a historical high.Editor/Gao Xue