[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
In 2026, journalists from multiple countries will visit Changsha, Shaoyang, and Xiangxi in Hunan Province to explore hybrid rice, smart factories, cultural and tourism landmarks, and Shibadong Village, experiencing China's development and poverty reduction practices.Editor/Gao Xue
In 2026, Saudi Arabia's HUMAIN launched the Riyadh Al Saad 100MW AI data center EPC bidding, with a contract of approximately 1 billion US dollars, and the bidding deadline is November 8, 2026.Editor/Gao Xue