[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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• 2026.10.15 11:24
• [Liu Haixing Meets Saudi Ambassador to China Alharbi and GCC Envoys in Beijing]
• On October 14, 2026, Liu Haixing met with Saudi Ambassador to China Halby in Beijing and had a collective exchange with the Gulf Cooperation Council's ambassadors in China. Both sides reviewed the achievements of China Saudi Arabia China Sea cooperation and exchanged views on deepening strategic mutual trust, expanding practical cooperation, and promoting peace and stability in the Middle East region. Editor/Min Jing

• 2026.10.15 11:23
• [Dongfang Electric Boiler Lights Up at Huaneng Haimen Project]
• Recently, the 5th boiler of the Huaneng Haimen project, developed by DEC, was successfully ignited once. This unit is the first million kilowatt counter combustion tower boiler in China, filling the technological gap in the country. After being put into operation, it will increase its annual electricity output by 8 to 10 billion kilowatt hours and support the construction of an integrated wind solar thermal storage base. Editor/Min Jing