[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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• 2026.11.11 14:30
• [Shanghai Ships HT700R Turbine Rotor to Huaneng Yuhuan Power Plant]
• The fourth phase of Huaneng Yuhuan Power Plant has completed the delivery of the world's first 650 ℃ coal-fired demonstration unit HT700R steam turbine rotor in Shanghai. The rotor adopts domestically produced high-temperature alloy and collaborates with multiple units to tackle the challenges of the entire chain, marking the emergence of new materials from the laboratory and laying a solid foundation for the timely production of core components for this national major scientific and technological research project. Editor/Min Jing

• 2026.11.11 14:30
• [CR21G Completes Topping-out of Signal Building at Burekai Station]
• The main structure of the signal complex building for the railway from Yining City to Aksu City in Ili Prefecture, constructed by CR21G, has been topped out, making it the first topped out signal building on the entire line. The project is located near the operating line, with strict construction control measures. After the completion of the railway from Yining City to Aksu City in Ili Prefecture, it will fill the gap in the Tianshan Railway, weave a large railway network in Xinjiang, and reduce logistics costs between the north and south of Xinjiang. Editor/Min Jing