[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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• 2026.06.29 10:08
• [Qatar's $5 billion oil field bidding sprint]
• Recently, the EPC project for the expansion of Qatar Energy's Medan Mazhem oil field has entered the commercial bidding stage, with a total investment of 4-5 billion US dollars, and giants such as CNOOC Engineering are competing.Editor/Gao Xue

• 2026.06.29 10:07
• [Guizhou Institute of Electric Power Construction won the bid for Jidongfeng Power]
• Recently, Hebei Huadian Qinglong 150MW wind power EPC bid was opened, and China Power Construction Guiyang Institute won the bid with a price of 313 million yuan, with a total investment of 1.19 billion yuan.Editor/Gao Xue