[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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• 2026.10.26 11:04
• [The three major indicators of China's shipbuilding industry have seen comprehensive growth]
• In the first nine months of 2026, China's shipbuilding industry saw comprehensive growth in its three major indicators, while maintaining a leading global market share. Data shows that in the first nine months, China's shipbuilding completion reached 58.05 million deadweight tons, a year-on-year increase of 50.7%, accounting for 63.6% of the world's total; The newly received order volume was 175.29 million deadweight tons, a year-on-year increase of 163.2%, accounting for 81.8% of the world total. As of the end of September, the volume of orders held was 399.13 million deadweight tons, a year-on-year increase of 64.8%, accounting for 72.4% of the world's total.Editor/Cheng Liting

• 2026.10.26 11:03
• [Shenhai Hydrogen Energy No.1 has been successfully launched]
• The world's first semi submersible wind power hydrogen production platform, Shenhai Hydrogen Energy No.1, was successfully launched in Jiangmen, Guangdong recently. The platform explores the integrated application of offshore wind power for hydrogen production and methanol production, providing a new path for the development and utilization of clean energy in the ocean.Editor/Cheng Liting