[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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• 2026.04.03 10:57
• [Chinese supply chain debuts at Egypt Energy Exhibition]
• The Egypt International Oil and Gas Exhibition opened in Cairo, with the Chinese supply chain national exhibition group making a concentrated appearance. The procurement session before the exhibition facilitated multiple cooperation intentions between Chinese and Egyptian enterprises, helping China's energy equipment expand into the North African market.Editor/Gao Xue

• 2026.04.03 10:54
• [Chinese supply chain debuts at Egypt Energy Exhibition]
• The Egypt International Oil and Gas Exhibition opened in Cairo, with the Chinese supply chain national exhibition group making a concentrated appearance. The procurement session before the exhibition facilitated multiple cooperation intentions between Chinese and Egyptian enterprises, helping China's energy equipment expand into the North African market.Editor/Gao Xue