[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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• 2026.08.13 11:35
• [Seven new cogeneration facilities will be built in Tashkent]
• Tashkent plans to lay out 7 cogeneration facilities with a total investment of 173 million US dollars. Some sites will be put into operation in December 2026, while the rest will be put into use in the summer of 2027. The project is supported by the construction of a power grid and heating pipeline network, ensuring energy consumption for residential and public facilities, saving natural gas and water resources, and creating employment opportunities.Editor/Gong Ziwei

• 2026.08.13 11:30
• [The Kenya Border Road Project has been completed and put into use]
• Kenya, in collaboration with the World Bank, has completed the completion of the Ketale Lodwar National Highway with an investment of approximately $775 million, providing direct access to the South Sudan border. The travel time has been significantly reduced, and transportation costs have significantly decreased. The project also provides electricity and solar street lights for over a thousand households along the route, enabling some towns to achieve all-weather power supply and improving local transportation and living conditions.Editor/Gong Ziwei