[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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• 2026.07.30 10:41
• [Sinoma Energy Saving signs contract for Uzi air separation plant EPC project]
• On July 17, 2026, Sinoma Energy Conservation signed an EPC general contract for an air separation unit in Navoi, Uzbekistan. The project is owned by Linde Joint Venture and Navoi Nitrogen Fertilizer Company, marking the company's expansion from clean energy to the field of chemical engineering.Editor/Gao Xue

• 2026.07.30 10:38
• [China National Heavy Machinery Industry Corporation wins Myanmar Railway Bureau project]
• On July 20, 2026, China National Heavy Machinery Industry Corporation won the bid for the remanufacturing of 2 battery electric multiple units and the renovation of 4 charging electric vehicles for the Myanmar Railway Bureau. This marks a further deepening of cooperation between the two parties, following the renovation of internal combustion locomotives in the 2025-2026 fiscal year.Editor/Gao Xue