[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

Click to see more live >>

• 2026.07.15 10:45
• [TBEA’s First Self-Developed UHV High-Impedance AC Transformer Passes All Tests]
• TBEA has independently developed the first prototype of ultra-high voltage high impedance AC transformer in the manufacturing industry, and multiple parties have witnessed its one-time passing of all testing and trials. The product can suppress short-circuit current in the power grid, save equipment renovation investment, and comprehensively improve the safety and stability of power grid operation. Editor/Min Jing

• 2026.07.15 10:44
• [Chinese Equipment Supplied to Zhanaozen Gas Processing Plant in Kazakhstan]
• The Zanaojin Natural Gas Processing Plant in Mangystau Oblast, Kazakhstan has invested 216 billion tenge in steady construction, with over 90% of the pending equipment produced in China and a manufacturing completion rate of 48.3%. The project will be put into operation in 2027, with both new and old gas plants operating simultaneously to expand local natural gas deep processing capacity. Editor/Min Jing