[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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• 2026.06.08 11:36
• [EU € 550 billion high-speed rail blueprint]
• The European Union has announced its 2040 high-speed rail development plan, with a total investment of 550 billion euros, aiming to build a high-speed rail network across Europe and reduce travel time between major capitals by half. The funding will adopt the "EU Fund+Member State Supporting+Private Capital" model, and a high-speed railway agreement will be introduced before 2026 to leverage private capital. The entire network will unify the signal system, with a focus on filling the gaps in Eastern and Southern Europe. This website has the triple intention of green transformation, economic cohesion, and geopolitical strategy, but financing, land acquisition, and approval are still tough battles, and whether they can be realized depends on the finances and progress of each country.Editor/Cheng Liting

• 2026.06.08 11:30
• [Acceptance of the Yangtze River Upstream Channel Regulation Project]
• Recently, the waterway improvement project from Chaotianmen to Fuling in the upper reaches of the Yangtze River successfully passed the completion acceptance of the Ministry of Transport and was officially put into operation. After the rectification, the 4.5-meter deep waterway in the Three Gorges Reservoir area has been extended to the central urban area of Chongqing, and 5000 ton cargo ships can directly reach the main city of Chongqing all year round. The navigation capacity of the Yangtze River's golden waterway has been further improved, and the water transportation pattern in Chongqing has been substantially upgraded. Editor/Cheng Liting