[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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• 2026.07.23 10:57
• [Dacun-Zunyi Railway Project Proposal Approved by NDRC]
• The Dazhun Railway with a total investment of 19.084 billion yuan has been officially approved, connecting Sichuan and Guizhou provinces and filling the gap in the western land sea new road network. The completion of the project can shorten the sea transportation distance from south Sichuan to Beibu Gulf, reduce logistics costs, and effectively solve the problem of outward transportation of Baijiu and mineral bulk goods in Chishui River Valley. Editor/Min Jing

• 2026.07.23 10:55
• [First 500 MW Impulse Unit Ball Valve Passes Test at Zhala Hydropower Station]
• The world's first 500 MW impulse type hydroelectric unit inlet ball valve of Datang Zhala Hydropower Station has completed outdoor assembly and passed the water pressure test. The self weight of the ball valve exceeds 300 tons, and the team innovates the assembly process to overcome multiple construction difficulties, promoting the continuous upgrading of core equipment technology for high head and large capacity hydropower in China. Editor/Min Jing