[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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• 2026.08.11 11:38
• [CR21G Completes Left Tube of Shixiakou Tunnel on Yongjing Expressway, Gansu]
• On August 5, 2026, CR21G undertook the construction of the left line of the Shixiakou Tunnel on the Yongjing Jingping Expressway in Gansu Province, which is a key control project of the project. The project team has overcome complex geological challenges and applied digital control and new technologies to ensure construction safety and quality. The completion of the project will improve the road network in Linxia and contribute to the high-quality development of the Yellow River Basin. Editor/Min Jing

• 2026.08.11 09:15
• [India plans to incentivize over 10GW of polysilicon production capacity]
• India plans to launch a production linked incentive program to support the local polysilicon industry, covering over 10GW of production capacity. At present, India has built over 200GW of modules and 32GW of battery production capacity. It is expected to add 100GW of battery production capacity within one year, with the goal of achieving 80GW of silicon ingot and wafer production capacity by June 2028.Editor/Gao Xue