[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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• 2026.04.13 10:09
• [Egypt upgrades industrial infrastructure, attracting Chinese enterprises]
• In April 2026, Egypt launched the upgrading plan for the four links in the Upper Egypt Industrial Park, prioritizing the improvement of water, electricity, and road facilities, and introducing private capital to participate in operations, providing a new window for Chinese manufacturing enterprises to go global.Editor/Gao Xue

• 2026.04.13 10:07
• [United Energy Group signs contract for Egypt green hydrogen project]
• In April 2026, United Energy Group signed a memorandum of understanding with Egyptian companies to jointly build a green hydrogen hub along the Mediterranean coast, with a daily production capacity of approximately 480 tons of green ammonia, targeting the European energy market.Editor/Gao Xue