[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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• 2026.11.04 09:42
• [Chinese Enterprises Visit Cambodia to Discuss Infrastructure Construction]
• In November 2026, the Cambodian Ministry of Public Works and Transport held talks with representatives from China Railway Design Group and the National International Development Cooperation Agency to explore cooperation in railway, highway, bridge, and sewage treatment projects.Editor/Gao Xue

• 2026.11.04 09:40
• [Shanghai Electric CATL signed a contract]
• In 2026, Shanghai Electric and CATL signed a strategic cooperation agreement to collaborate on four main lines: zero carbon park, new energy storage, green transportation, and international business, to create a complete closed-loop solution that can be implemented, financed, and exported.Editor/Gao Xue