[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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• 2026.06.15 10:23
• [The three channels of China Europe freight trains maintain growth]
• In the first five months of 2026, the transmission volume of the China Europe freight train's East, Central, and West channels continued to grow, and the return capacity of the East channel led the country, accounting for 41.1% of the total return capacity.Editor/Gao Xue

• 2026.06.15 10:21
• [Two major projects of Linha Railway will start construction within the year]
• On June 11, 2026, the capacity expansion and reconstruction project of Ejina Hami section of the Linha Railway and the new Naomaohu wutong Water project were announced to start within the year. After completion, the transportation capacity of the northern wing channel of Xinjiang Railway will be doubled.Editor/Gao Xue