[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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• 2026.10.12 09:49
• [Tongsu Jiayong High speed Railway Wangyu River Cable stayed Bridge Closure]
• On October 11, 2026, the newly constructed Nantong Ningbo high-speed railway control project - Wangyu River Cable stayed Bridge was successfully closed, becoming the first double tower cable stayed bridge with a main span of over 300 meters to be closed along the entire line. The newly built Tongsu Jiayong high-speed railway has a length of 301 kilometers and a designed speed of 350 kilometers per hour.Editor/Gong Ziwei

• 2026.10.12 09:45
• [The main construction of the Three Gorges Water Transport New Channel has been launched]
• On October 10, 2026, the construction of the upstream and downstream cofferdams for the Gezhouba Navigation Capacity Expansion of the Three Gorges Water Transport New Channel officially began. These two cofferdams will jointly enclose the construction area with the bank slope, creating prerequisites for the construction of the dry land of the 10000 ton new ship lock. This marks the comprehensive entry of Gezhouba's shipping capacity expansion into the main construction phase.Editor/Gong Ziwei