[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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• 2026.08.27 11:44
• [CTG Completes X‑Column Closure of No.2 Cooling Tower at Ruoqiang Base]
• Recently, the X-pillar of the cooling tower in the 2nd section of the coal-fired power project at CTG Xinjiang Ruoqiang New Energy Base has been completed and closed. The project overcomes the difficulty of lifting large components and adopts the steel tube concrete X-column technology, laying an important foundation for the construction of the cylinder wall and annual construction goals. Editor/Min Jing

• 2026.08.27 11:43
• [CR1G Completes Hot‑sliding Test for Hangzhou Metro Line 9 Phase II]
• CR1G Electric Service Company has completed the thermal sliding test of approximately 10 kilometers of underground line of Hangzhou Metro Line 9 Phase II. The project has overcome difficulties such as connecting existing lines and collaborated with multiple disciplines to ensure that the test meets the standards in one go, laying a solid foundation for subsequent joint debugging, testing, and operation. Editor/Min Jing