[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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• 2026.08.04 10:58
• [Sino-Kazakh Civil Aviation Cooperation Boosts Central Asia Air Network via C909]
• Kazakhstan's Deputy Minister of Transport Rastayev met with Zhang Liang, Vice President of Urumqi Airlines, to discuss the establishment of a joint venture airline and the opening of three new China Kazakhstan routes, with C909 as the main aircraft model. The route is expected to depart in September, helping domestic regional aircraft deepen their cultivation in Central Asia and improve the air passage between China and Kazakhstan. Editor/Min Jing

• 2026.08.04 10:56
• [First China-Russia Cross-Border Cableway Completed, Boosting Border Opening]
• On August 2, 2026, Zhang Qijun announced at the annual meeting of Sun Island that the main body of the Heihe to Blagoveshchensk cross-border cableway had been completed, and the project would be completed within the year. The one-way travel time of the cableway is only 6 to 8 minutes. After completion, it will improve the three-dimensional cross-border transportation system in Heihe and promote the coordinated development of cultural, tourism, and commercial trade on the China Russia border. Editor/Min Jing