[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

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• 2026.08.07 10:02
• [Approval of Xinjiang Green Hydrogen Substitution Project]
• The annual production of 62000 tons of green hydrogen and 500000 tons of oxamide by Xinjiang Tiankelong Chemical has been approved for environmental impact assessment. The total investment of the project is 6.168 billion yuan, and it will be implemented in Hami. It will be supported by 2GW wind power to ensure the supply of green electricity, and explore a zero carbon park model by replacing coal clean utilization with green hydrogen.Editor/Gao Xue

• 2026.08.07 10:00
• [Jiangxi ultra-high voltage project approved]
• The 1000 kV AC transmission and transformation project from Ganjiang to Gannan in Jiangxi Province has been approved. The dynamic investment of the project is 7.218 billion yuan, and a new 6 million kVA substation and 298.9 kilometers of double circuit lines will be built. After completion in 2028, the short board of north-south transmission will be filled, and the transmission capacity of the Gannan section will be increased from 3.2 million kilowatts to 6.5 million kilowatts.Editor/Gao Xue