[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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• 2026.06.17 10:05
• [Harbin Railway opens a new channel for Mongolian coal to move southward]
• On June 9, 2026, Harbin Railway launched a new channel for intermodal transportation of iron and steel. The first train of 4000 tons of coal was sent from Hailar South Station to Panjin Port for transfer along the coast, which was shortened by 3 to 4 days compared to the original transportation.Editor/Gao Xue

• 2026.06.17 09:56
• [Far sighted won a major single in the South Wind University of Vietnam]
• Recently, Far East Energy signed a contract for a 128MW offshore wind power project in Vietnam, supplying 16 8.XMW units. This project is the first batch of Vietnam Power Planning VIII, which helps green energy cooperation along the the Belt and Road.Editor/Gao Xue