[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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• 2026.07.29 11:00
• [LSHEC’s Xinjiang Tower Project Enters Final Sprint Phase]
• CRCC has won the bid for the open-pit mining and stripping project at the southern mining site of Mirado Copper Mine in Ecuador. The framework contract period is as long as ten years, including drilling and blasting, transportation and dumping, and maintenance of supporting facilities. The total scale of mining and stripping is huge, and the operation is planned to start in September 2026. Editor/Min Jing

• 2026.07.29 10:59
• [LSHEC’s Xinjiang Tower Project Enters Final Sprint Phase]
• LSHEC has developed six large towers for the low-carbon integration project in Xinjiang Chemical Industry. Leveraging the advantages of self-developed manufacturing integration, LSHEC has overcome the pressure of high temperature construction period and overcome multiple technical difficulties. Multiple equipment have been completed and put into place one after another, fully ensuring timely delivery. Editor/Min Jing