[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
In 2026, the 500 kV transmission and transformation ring network constructed by Chinese enterprises in Uruguay will be delivered, enhancing power resilience and creating conditions for power exchange with Argentina and Brazil.Editor/Gao Xue
On November 3, 2026, the annual traffic volume of the China Europe freight train's central channel exceeded 4000 trains. The Erenhot Port has 76 routes connecting over 70 stations in more than 10 countries, with a freight volume of 3.902 million tons, an increase of 24.6% year-on-year.Editor/Gao Xue