[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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• 2026.07.06 11:18
• [Guangzhou Metro Secures HCMC Metro Line 6 Consulting Bid]
• Guangzhou Metro and two Vietnamese companies have won the feasibility study and design consulting contract for the first phase of Ho Chi Minh City Metro Line 6, with an amount equivalent to 11.98 million US dollars. This is the third subway project they have won locally. The consortium will take 270 days to complete the preliminary core work such as line planning and TOD development research.Editor/Min Jing

• 2026.07.06 11:15
• [Pre-qualification Opens for China-Thailand High-Speed Rail Track & E&M Works]
• The national railway procurement platform has released a pre qualification announcement for the first phase of the China Thailand high-speed railway in Bangkok's Nakhon Ratchasima section, covering the entire track, power supply and communication signal construction in four sections. The bidding qualification thresholds for each section have been clarified, and the project has bid farewell to civil construction and entered a critical stage of track equipment installation.Editor/Min Jing