[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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• 2026.06.16 18:38
• [Completion of the construction section by Chinese enterprises！]
• Recently,in Taolanaru, Madagascar, the first section of the first phase of National Highway 12, which was constructed by China Railway 18th Bureau, was officially completed. Officials such as the interim head of state and prime minister of Malaysia attended the completion ceremony. The total length of this section is about 45 kilometers, with 5 supporting bridges built, and it is the core transportation artery in southeastern Malaysia. The implementation of the project greatly improves local travel conditions, reduces logistics costs, and supports the development of industries such as fishing, mining, and tourism along the route. At the same time, the second phase of the project has also been officially launched.Editor/Li Xiaohua

• 2026.06.16 18:28
• [Qingdao signs contract for Namibia Energy Port project]
• On June 16, 2026, China Chemical Engineering 14th Construction Co., Ltd. and Hong Kong HSBC Source International Co., Ltd. signed an EPC general contract for the Namibia Energy Hub Port project in Qingdao. The relevant enterprise leaders attended and witnessed the signing. This key livelihood project in Namibia will be built into an integrated large-scale energy hub base, which can effectively alleviate the local energy shortage and help regional development. Relying on the opportunity of the Namibian President's visit to China, this signing is the result of China Namibia the Belt and Road practical cooperation, and also opens a new journey for the 14th China National Chemical Construction Co., Ltd. to deeply cultivate the African market.Editor/Li Xiaohua