[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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• 2026.07.28 08:50
• [The cumulative freight volume of the Inner Mongolia Railway has exceeded 50 million tons]
• On July 26, 2026, the freight volume of Mombasa Nairobi Railway, a landmark project jointly built by China and Kenya along the the Belt and Road, will exceed 50 million tons in total. The railway has been open for freight transportation since 2018, and its transportation categories continue to expand, effectively promoting the connectivity between Kenyan ports and inland areas.Editor/Gao Xue

• 2026.07.28 08:48
• [The Western Land Sea New Corridor has surpassed 500 billion]
• From January to June 2026, the total import and export volume of 13 provinces, regions, and cities along the Western Land Sea New Corridor reached 517.23 billion yuan, a year-on-year increase of 13%, and exceeded 500 billion yuan for the first time in history during the same period. The channel is centered around Chongqing and extends southward through Guangxi and Yunnan to reach the world.Editor/Gao Xue