[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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• 2026.08.24 11:24
• [Three major hubs of Pinglu Canal achieve dual power supply]
• Recently, the construction of the Pinglu Canal Power Project reached a historic moment - the second external power line of the Youth Hub and Qishi Hub was connected and put into operation. At this point, the three core hubs of Pinglu Canal have fully achieved dual power supply, marking the official installation of electric dual engines in this century project and entering the full speed sprint stage of the navigation countdown. Editor/Cheng Liting

• 2026.08.24 11:24
• [S4000 floating wind power system completes full process release verification]
• Recently, China has made significant engineering breakthroughs in the field of high-altitude wind power. The S4000 floating wind power generation system, independently developed by China, has successfully completed the full process flight verification at a test base in northwest China, marking the official transition of China's high-altitude wind power technology in the stratosphere from technological iteration to engineering implementation. Editor/Cheng Liting