[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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• 2026.09.22 09:44
• [China Huadian and China Telecom signed a strategic cooperation agreement]
• On September 20, 2026, China Huadian Corporation Limited and China Telecom Group Co., Ltd. signed a strategic cooperation agreement at the headquarters of China Telecom. Ye Xiangdong, Chairman and Party Secretary of China Huadian, Xu Shubiao, General Manager and Deputy Party Secretary, witnessed the signing and held talks with Ke Ruiwen, Chairman and Party Secretary of China Telecom, and Liu Guiqing, General Manager and Deputy Party Secretary. According to the agreement, both parties will establish a strategic partnership in the fields of technological innovation, smart energy, and new industries, jointly exploring new technologies, new formats, and new models to assist in the transformation and upgrading of energy and digital intelligence.Editor/Gong Ziwei

• 2026.09.22 09:43
• [By August 2026, the national railway has sent a total of 1.389 billion tons of coal]
• According to China Railway Group, from January to August 2026, the national railway has sent a total of 2.69 billion tons of goods and loaded 187400 vehicles per day, maintaining a high level of operation. Among them, in the first eight months, the transportation of key materials for national economy and people's livelihood was given priority and transportation capacity was tilted to ensure fast and efficient delivery. A total of 1.389 billion tons of coal have been sent, including 928 million tons of thermal coal. The coal reserves of railway direct power plants across the country remain at a high level.Editor/Gong Ziwei