[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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• 2026.08.18 15:36
• [The first vertical large-scale mineral model in southern Xinjiang landed in Kashgar]
• At the 16th Xinjiang Kashgar Central Asia South Asia Commodity Fair held recently, the first vertical mineral resource model in southern Xinjiang that targets multiple mineral types and full exploration scenarios, the Congling Zhixun AI intelligent mineral exploration model, was launched. It is reported that the Congling Zhixun large model deeply integrates decades of field survey data from China's first line geological exploration, constructs high-quality datasets and sample libraries, and fills the industry gap of specialized mineral large models for intelligent exploration of multiple mineral types in the southern Xinjiang Central Asia metallogenic belt. Editor/Cheng Liting

• 2026.08.18 15:35
• [Longdian enters Zhejiang Gansu 4th section and the entire line is connected]
• Recently, as the last set of wires steadily arrived at the traction field, the Gansu to Zhejiang ± 800 kV high-voltage direct current transmission project, Gansu Section 4, achieved full line connection on the 16th. This project is a key project of the national West East power transmission strategy. After completion, it can transport over 36 billion kilowatt hours of clean electricity from Gansu to Zhejiang every year, with new energy consumption accounting for over 21 billion kilowatt hours. Editor/Cheng Liting