[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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• 2026.06.04 10:08
• [The value of single container cargo on the China Europe freight train increased by 41%]
• On June 4, 2026, it was reported that the single container cargo value of the China Europe freight train increased by 41% year-on-year, the customs clearance efficiency improved by 30%, and the stable operation of connecting Asia and Europe was achieved, restructuring the cross-border supply chain system.Editor/Gao Xue

• 2026.06.04 10:04
• [Chinese enterprises participate in the completion of Guinea Railway construction]
• Recently, SimFer, a joint venture between China Aluminum and Rio Tinto, has completed the construction of the Simandou iron ore branch railway. The 74 kilometer line connects the mining area with the main line and can transport 60 million tons of iron ore annually.Editor/Gao Xue