[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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• 2026.09.16 15:29
• [Sarat Ratanavadi Restarts Vietnam’s Ninh Thuan Gas Project]
• Sarat Ratanavadi, founder and CEO of Thai Gulf Energy, has confirmed the restart of the LNG terminal project supporting the Vietnam Nanning Shun 6 GW gas power station. The company plans to invest a total of 140 billion Thai baht by 2030, of which 14 billion Thai baht will be invested in cloud computing and AI infrastructure. Editor/Min Jing

• 2026.09.16 15:28
• [Liao Jiasheng Signs Green Cooperation Deals During Qinghai Visit]
• CECEP Chairman Liao Jiasheng went to Xining to attend the conference on promoting high-quality development in Qinghai Province with the support of state-owned enterprises. He signed a 1.482 billion yuan agreement with the Qinghai Provincial Government for the Delinghayuan Net Energy Storage Project, witnessed the signing of contracts by subordinate enterprises, and conducted research on cooperation related to the Haidong Zero Carbon Park. Editor/Min Jing