[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
Click to see more live >>
Latest
  • 2026.11.05 09:23
  • [The number of medium channel trains has exceeded 4000]
  • On November 3, 2026, the annual traffic volume of the China Europe freight train's central channel exceeded 4000 trains. The Erenhot Port has 76 routes connecting over 70 stations in more than 10 countries, with a freight volume of 3.902 million tons, an increase of 24.6% year-on-year.Editor/Gao Xue
Share

Retrieve password

Get verification code
Sure