[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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• 2026.07.27 11:12
• [China and Kazakhstan Eye Cross-border Non-ferrous Metal Joint Development]
• During the Astana China Kazakhstan Nonferrous Metals Sustainable Development Forum, Kazakh scholars proposed joint development of cross-border mineral resources, relying on shared infrastructure to reduce costs and increase efficiency. At the same time, it is proposed to establish a mining research cooperation platform to promote the upgrading of non-ferrous metal cooperation between the two countries towards full industry chain synergy. Editor/Min Jing

• 2026.07.27 11:12
• [World’s First PV-equipped PCTC Delivered]
• GSI remotely delivered the world's first 10000 vehicle class LNG dual fuel vehicle transport ship equipped with photovoltaic systems to a South Korean company. The ship was completed over 200 days ahead of schedule, innovatively integrating photovoltaic power supply and LNG power to help reduce emissions in shipping and provide a new technological solution for the development of green ocean going ships. Editor/Min Jing