[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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• 2026.05.18 10:38
• [South Africa invests $60 billion in infrastructure in May 2026]
• On May 13, 2026, South Africa announced a $60 billion investment over the next three years for infrastructure projects such as ports, railways, and electricity, providing equipment supply and joint venture opportunities for Chinese companies.Editor/Gao Xue

• 2026.05.18 10:34
• [In April 2026, foreign trade will shift towards global collaboration]
• In April 2026, the operating rate of port equipment increased by 7.65% year-on-year. Coastal provinces maintained their advantages, while inland provinces such as Sichuan and Shaanxi relied on the China Europe freight train to become new engines of foreign trade, enhancing the resilience of cross-border supply chains.Editor/Gao Xue