[South African Ports Authority plans to invest$570 million in port infrastructure] South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors. Editor/Xing Wentao

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• 2026.07.31 10:58
• [EU plans to invest 10 billion euros to build 7 AI super factories]
• On July 30, 2026, the European Commission announced the start of bidding for the construction of up to seven AI super factories in various parts of Europe. This initiative is led by the industry and has received up to 10 billion euros in funding support from the European Union and member states, and is expected to drive at least 20 billion euros in private investment across the entire EU. The European Commission stated that it has signed letters of intent with AMD, Nvidia, and Qualcomm to ensure that the AI Gigafactory consortium can smoothly acquire the necessary hardware equipment. Editor/Gong Ziwei

• 2026.07.31 09:44
• [Allseas wins Canadian LNG subsea pipeline contract]
• In July 2026, Swiss marine engineering giant Allseas won the installation contract for the underwater section of the Canadian PRGT natural gas pipeline, which will lay approximately 50 kilometers of pipelines connecting onshore systems with Ksi Lisims floating LNG facilities. The offshore operation plan is scheduled to start in 2029.Editor/Gao Xue