[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
On October 29, 2026, the signal system of the Khorgos Silk Road Special Line Junction Station contracted by First Engineering Co., Ltd. will be put into operation at one time, realizing zero fault tolerance. The line will be paved for 7 kilometers, with a design capacity of 6 million tons, and is ready for operation. Editor/Min Jing
On November 1, 2026, China's emergency aid project for post disaster bridge reconstruction in Sri Lanka began construction on the first bridge in the western city of Gampoha. Ambassador Wei Huaxiang and two Sri Lankan ministers attended the event, signed a project proposal exchange letter, and donated stationery and supplies to local elementary school students. Editor/Min Jing