[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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• 2026.10.10 14:48
• [Xinjiang Qifeng Wind and Power Project Starts Construction]
• The Xinjiang Energy Group's new energy 2.5 million kilowatt wind power project has officially started construction in Qitai County, marking a landmark project for a large-scale clean energy base in the autonomous region. The project is divided into three sub projects, supporting three 220 kV collection stations. After being put into operation, the annual clean electricity transmission capacity will reach 4.36 billion kilowatt hours, saving about 1.32 million tons of standard coal and reducing 330000 tons of carbon dioxide emissions annually. It will effectively promote the green transformation of energy structure in northern Xinjiang. Editor/Cheng Liting

• 2026.10.10 14:48
• [Chinese funded mining downstream project industrial park launched]
• On October 8, 2026, Indonesian President Prabowo presided over the launch ceremony of 11 Chinese funded mining downstream projects at the Weidabe Industrial Park in Central Hamahira District, North Maluku Province. These projects have a total investment of approximately 10.2 billion US dollars and involve fields such as power batteries, nickel cobalt materials, electrolytic aluminum, new energy engineering machinery, and commercial vehicle manufacturing. Editor/Cheng Liting