[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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• 2026.03.13 10:42
• [China Power Construction signs 13.9 billion solar energy storage project]
• On March 12, 2026, PowerChina and Abu Dhabi Future Energy Company signed an EPC contract for the UAE RTC solar storage project, with a total amount of 13.962 billion yuan. The project has a photovoltaic installed capacity of 2.1GW and energy storage capacity of 7.75GWh, with a construction period of 21 months, to assist in the energy transformation of the Middle East.Editor/Gao Xue

• 2026.03.12 17:22
• [The 140MW Aurora energy storage project in South Australia has received critical approval]
• Recently, Australian long-term thermal energy storage company 1414 Degrees announced that its 140MW Aurora battery energy storage system project in South Australia has successfully obtained full approval for generator performance standards from the Australian Energy Market Dispatch Centre and transmission operator ElectraNet.Editor/Yang Meiling