[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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• 2026.07.24 08:45
• [Two new ports will be built on the east coast of the United Arab Emirates]
• On July 22, 2026, Dubai Ports International signed a 50 year agreement with Fujairah to construct the Ruqarat Container Port and Diba Fujairah Port, with annual processing capacities of 2.5 million TEUs and 3.6 million tons of general cargo, respectively, to mitigate risks in the Strait of Hormuz.Editor/Gao Xue

• 2026.07.24 08:28
• [The foundation laying of the Tanzan Railway Revitalization Project]
• On July 17, 2026, the Tanzania Zambia Railway Training Center and Operations Control Center laid the foundation in Dar es Salaam, and the modernization upgrade officially began. The project was launched on the occasion of the 50th anniversary of the railway's operation, and will continue to promote systematic renovation of the lines, locomotives, signals, and other systems.Editor/Gao Xue