[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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• 2026.04.29 17:06
• [Xiangyu Railway Renovation Project launches survey and supervision bidding]
• On April 28, 2026, the bidding announcement for geological survey and supervision of the Xiangyu Railway renovation project was released. The project has entered the preliminary survey and feasibility study stage, and is expected to start construction in 2027. This project is a national key railway project that spans across Shaanxi and Sichuan provinces, including line realignment, disease control, and station reconstruction. The renovation will improve the transportation efficiency and disaster prevention capability of the route, and adapt to the logistics development needs of the China Europe freight train and the Western Land Sea New Corridor.Editor/Gong Ziwei

• 2026.04.29 17:01
• [Uzbekistan joins hands with Jiangsu to negotiate cooperation in multiple fields]
• On April 28, 2026, the Uzbekistan delegation held an economic and trade roundtable meeting with representatives from more than 30 enterprises in Jiangsu in Nanjing. Both sides exchanged views on the investment potential of multiple regions in Uzbekistan, with a focus on discussing cooperation directions in areas such as industrial park construction, industrial production and medical industry, and medical tourism. Currently, Uzbekistan is promoting industrial upgrading, supporting high-tech manufacturing and medical tourism industries, and urgently needs financial and technological support.Editor/Gong Ziwei