[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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• 2026.06.11 10:09
• [Import and export to the Belt and Road increased by 13.6% in the first five months]
• In the first five months of 2026, China's import and export to countries jointly building the the Belt and Road totaled 10.57 trillion yuan, a year-on-year increase of 13.6%. The total value of China's goods trade during the same period was 20.68 trillion yuan, an increase of 15.3%.Editor/Gao Xue

• 2026.06.11 10:05
• [Northeast high latitude solar thermal power station will be put into operation]
• The 100000 kilowatt solar thermal project of CGN Jixi Base has entered the stage of grid connection sprint. This is the first tower type molten salt solar thermal power station in Northeast China and the highest latitude in the world. After being put into operation, it generates 180 million kilowatt hours of electricity annually and reduces carbon dioxide emissions by 130000 tons annually.Editor/Gao Xue