[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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• 2026.03.20 09:06
• [The 100 billion yuan infrastructure project in Sangdao has been launched]
• Zanzibar, Tanzania has launched two major projects, the International Convention and Exhibition Center and the "City of the African Cup", with a total investment of over 700 billion shillings. The selection of the exhibition center in the Fumba area aims to create a regional trade hub; The "City of the African Cup" is accelerating its construction in preparation for the 2027 African Cup and supporting the dual wheel drive of sports and tourism.Editor/Gao Xue

• 2026.03.20 09:04
• [Approval extension for Yangjiang offshore wind power project]
• The approval of the Three Seas Wind Power Project on Sanshan Island in Yangjiang has been postponed until May 2027. The total investment of the project is 5.444 billion yuan, with an installed capacity of 500MW. It is located in the southern sea area of Hailing Island and is currently in the pre construction preparation stage.Editor/Gao Xue