[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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• 2026.07.03 10:17
• [Nigeria urges cooperation with Chinese enterprises in oil refining]
• The Nigerian industry association urges the national oil company to accelerate approval and promote the landing of technology equity cooperation with Chinese companies in refineries.Editor/Gao Xue

• 2026.07.03 10:15
• [The Hami solar thermal project in Xinjiang is connected to the grid]
• On July 1, 2026, China Energy Engineering Corporation's "Wind and Solar Same Field" 400 MW project in Hami, Xinjiang was fully connected to the grid. Annual power generation exceeds 900 million kilowatt hours, marking its first project of its kind to be put into operation.Editor/Gao Xue