[Lucid Motors to build first overseas production plant in Saudi Arabia] Lucid Motors said it will build a production plant in Saudi Arabia with an annual capacity of 155,000 zero-emission electric vehicles. The deals are estimated to give Lucid a total of up to $3.4 billion in funding and incentives over the next 15 years to build and operate manufacturing plants in the kingdom. AMP-2, which will be located in King Abdullah Economic City, is the first production facility outside the U.S. for a public investment fund-backed electric vehicle manufacturer, according to a statement. Editor/Xing Wentao

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• 2026.09.02 10:32
• [Egypt's Petrojet signs contract for Jordan pipeline]
• Recently, Egyptian Petrojet and a local Jordanian company won the bid for the 22 kilometer natural gas pipeline project in Jordan, with a contract amount of 22.7 million US dollars and a construction period of 18 months, which will be connected to the Arab natural gas backbone network. The project belongs to the $70 million industrial zone gas supply plan financed by Abu Dhabi Fund, which is expected to reduce energy costs for enterprises by more than 30%.Editor/Gao Xue

• 2026.09.02 10:29
• [Tianjin Port's performance steadily increased in the first half of the year]
• On September 2, 2026, Tianjin Port disclosed its semi annual report, which showed that it achieved a revenue of 5.364 billion yuan and a net profit of 677 million yuan in the first half of the year, a year-on-year increase of 34.54%; The cargo throughput is 234 million tons, and the container throughput is 11.2136 million TEUs, both of which have reached new highs since the same period in 2020. The level of the northern international shipping hub continues to improve.Editor/Gao Xue