[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
On May 8, 2026, the first phase of Sinopec Shanghai Petrochemical's annual production of 30000 tons of large fiber bundle carbon fiber project was put into operation and qualified products were produced, with performance reaching the international advanced level. The completion of two production lines marks the launch of the 48K large fiber bundle carbon fiber production line, which has the largest single line capacity in China. The project has a high localization rate and a record breaking construction speed, and has also established a green electricity and high-end new material circular industry chain, supporting the high-quality development of the carbon fiber industry.Editor/Gong Ziwei
On May 7, 2026, Chinese Ambassador to Türkiye Jiang Xuebin was invited to attend the 2026 Istanbul SAHA Defense and Aerospace Exhibition, visited the booths of several Chinese exhibitors and encouraged them to expand overseas markets. During this period, he met with relevant Turkish institutions and business leaders to have in-depth exchanges on defense cooperation between China and Turkey. The exhibition is held every two years and attracts 1763 exhibitors from over 120 countries. The scale of China's 125 participating enterprises ranks first among all overseas countries.Editor/Gong Ziwei