[Saudi Arabia to launch 93 utility infrastructure projects] Saudi Arabia has announced plans to launch 93 projects, mostly related to the development of the kingdom's utility infrastructure, with an investment of $2.26 billion. The projects are primarily aimed at boosting the region's environment, water and agricultural systems, according to senior government officials. They added that they will be implemented by the Brine Conversion Company, the National Water Company and the National Center for Vegetation Cover and Desertification Control in coordination with the Saudi Deputy Minister of Water. Editor/Xing Wentao

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• 2026.06.04 15:05
• [Yondr locks in power for European and American data centers]
• Yondr Group, a global developer of ultra large scale data centers, has completed two new financing rounds, consisting of a global letter of credit instrument and a European holding company financing instrument, respectively used to lock in power capacity for European and American projects and reduce leverage on European platforms. The current power generation has become a core bottleneck in data center development, and the surge in demand for AI and cloud computing has intensified this competition. The two financing rounds were participated by multiple institutions such as French Foreign Trade Bank, BNP Paribas, and IFM Investors, providing capital ammunition for Yondr's continued expansion. Editor/Cheng Liting

• 2026.06.04 15:04
• [Hong Kong's first visit to Central Asia, signing seven cooperation agreements]
• Hong Kong Chief Executive Carrie Lam led 40 business leaders and 30 representatives of mainland enterprises to visit Kazakhstan, marking the first visit of the Chief Executive to Central Asia and receiving a high-level reception from President Tokayev. The two sides signed seven cross disciplinary agreements covering fields such as science and technology innovation, finance, and information technology, connecting the cooperation channel between the Hong Kong Stock Exchange and Astana International Financial Center. As the first place of the the Belt and Road and the largest trading partner of Hong Kong in Central Asia, Kazakhstan is accelerating its industrial transformation. Editor/Cheng Liting