[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

Click to see more live >>

• 2026.05.07 17:54
• [China's export of robots achieved a good start in the first quarter]
• In the first quarter of 2026, the overseas expansion of China's robotics industry accelerated, with a total export value of 11.32 billion yuan for various listed robots, sold to 148 countries and regions worldwide. The export value of newly added tax number category cleaning robots was 7.75 billion yuan, accounting for 68.5% of the total export value of robots and firmly ranking as the main export force. Industrial robots exported 3.16 billion yuan in the first quarter, a year-on-year increase of 42%. The Chinese robotics industry is transforming from a single product output to a comprehensive output of technology, solutions, and services, gradually becoming a new business card for China's foreign trade.Editor/Gong Ziwei

• 2026.05.07 17:48
• [Hengli Heavy Industries continues to expand overseas cooperation]
• On May 5, 2026, Hengli Heavy Industries held a naming ceremony for two 82000 deadweight ton bulk carriers, which were built by Greek shipowner Dynacom. The two sides have previously cooperated on multiple VLCC and bulk carriers. On that day, Hengli Heavy Industries also collaborated for the first time with European shipowner Beacon Tankers, signing contracts for 2+2 158000 deadweight ton Suezmax tankers. Since 2026, Hengli Heavy Industry has signed a total of 20 oil tankers of this type, which has become the main construction vessel.Editor/Gong Ziwei