[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
The water supply project undertaken by Henan International Group in the suburbs of Maputo has benefited nearly 72000 residents, with a daily added water supply capacity of about 30000 cubic meters.Editor/Gao Xue
On April 14, 2026, CNOOC and KMG Drilling Company, a subsidiary of Kazakhstan National Oil Corporation, signed a framework agreement focusing on drilling operations, technology transfer, and talent training, deepening cooperation in Central Asian oilfield services.Editor/Gao Xue