[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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• 2026.09.23 14:27
• [CCTC Vice President Zhang Yang Meets Chongqing Construction Engineering Group]
• Recently, Zhang Yang, a member of the CCSIC Party Committee and Vice President, visited Chongqing Construction Engineering Group for a discussion. The two sides discussed deepening cooperation in areas such as urban renewal, overseas business, and Hami aid construction. Zhang Yang and his delegation also conducted grassroots research, safety inspections, and summer cooling and consolation activities. Editor/Min Jing

• 2026.09.23 14:26
• [Multiple Nations Meet in Beijing on Trans-Caspian Transport Corridor Expansion]
• The high-level conference on the Trans Caspian International Transport Corridor, hosted by the Ministry of Transport, was held in Beijing. Representatives from multiple countries along the route attended and jointly released initiatives to expand capacity and increase efficiency. Two supporting guidelines were simultaneously launched, and all parties will work together to improve the channel facilities and create a benchmark channel for Asia Europe connectivity. Editor/Min Jing