[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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• 2026.07.02 09:48
• [The Pinglu Canal is currently undergoing water supply and commissioning]
• On June 30, 2026, the press conference of the State Council Information Office revealed that the Pinglu Canal has been basically completed and the entire line is open to water. The commissioning of ship locks is being promoted, and landmark water transport projects such as the Three Gorges Water Transport New Channel are accelerating.Editor/Gao Xue

• 2026.07.02 09:46
• [Indian company invites Chinese enterprises to jointly build aluminum factory]
• On June 30, 2026, NALCO in India disclosed a 21.5 billion yuan expansion of a 500000 ton electrolytic aluminum project and plans to invite Chinese enterprises such as Guiyang Institute and China Aluminum to participate in technical cooperation.Editor/Gao Xue