[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

Click to see more live >>

• 2026.08.27 11:08
• [Key Supplementary Agreement Signed for Bangka Southwest Project in Nigeria]
• On August 24, 2026, the Nigeria Bangka Southwest Deepwater Project signed a supplementary agreement to the product sharing contract, with an estimated full cycle investment of 15 billion to 21 billion US dollars. The preliminary design of the project has been completed, the preferred contractor for the floating device has been determined, and the window for the offshore supply chain is about to open.Editor/Gao Xue

• 2026.08.27 11:06
• [Saudi Arabia's energy storage contract has been signed and implemented]
• On August 20, 2026, Saudi Arabia signed the first batch of four independent energy storage projects with a total scale of 2GW/8GWh and a total investment of 1.16 billion US dollars. Nine Chinese enterprises were shortlisted for bidding, but none of them obtained development rights and can only participate in equipment matching; The second batch of 12GWh bidding has been launched.Editor/Gao Xue