[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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• 2026.11.02 09:37
• [The Yi gas processing project accounts for 36%]
• In 2026, the Latavi natural gas processing project in Iraq will reach a progress rate of 36%, with CPECC undertaking a $1.61 billion EPC and a daily processing capacity of 300 million cubic feet in the first phase.Editor/Gao Xue

• 2026.11.02 09:35
• [Egypt's first localized electric vehicle put into production]
• On October 31, 2026, Dongfeng MAGE EV was put into production at the Nasser Automobile Factory in Egypt, with a localized component ratio of 45%, marking new progress in China Egypt cooperation in new energy vehicles.Editor/Gao Xue