[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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• 2026.08.26 14:54
• [CR14G Opens Jinan Huanggang Road Yellow River Tunnel]
• On August 25, 2026, the world’s largest-diameter underwater shield tunnel, the Jinan Huanggang Road Yellow River Tunnel constructed by CR14G, was officially opened to traffic. Adopting a single-tube double-deck structure and overcoming multiple world-class technical challenges, the tunnel cuts the cross-river travel time from 40 minutes to merely five minutes.Editor/Min Jing

• 2026.08.26 14:52
• [Jingtang Port Launches New Coal Freight Train Route to Shanxi]
• Recently, Jingtang Port in Tangshan launched its first open-top container freight train transporting Indonesian coking coal from Jingtang Port to Xiaonan, adding a new cargo type to its freight business. Targeting the coal demand of enterprises in Shanxi, the port has standardized operation procedures and strictly implemented environmental protection requirements, successfully opening up a new railway transportation channel for imported coking coal.Editor/Min Jing