[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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• 2026.10.29 09:50
• [Laos lays out wind and solar new energy]
• Relying on the cooperation of the China Laos Corridor, Laos is accelerating the development of wind and solar new energy. The 72 MW photovoltaic project in Wanxiang Saiseta Development Zone has started construction with a total investment of 320 million yuan and received 121 million yuan in overseas loan support. China General Nuclear Power Laos million kilowatt photovoltaic base is under construction, and electricity can be sent to Yunnan. The institution predicts that by 2035, the installed capacity of wind and solar power in Laos will reach 9.8GW. The local government will focus on energy transformation, build a regional energy hub, and deepen the interconnection of electricity between China and Laos.Editor/Gong Ziwei

• 2026.10.29 09:40
• [Vietnam increases household photovoltaic policy]
• Vietnam has issued the latest directive to strengthen local responsibilities and promote the implementation of household rooftop photovoltaics. Require all provinces and cities to introduce incentive plans by the end of December 2026, with the Ministry of Industry and Trade setting installation targets and local governments independently developing subsidy mechanisms. The policy is synchronized with the development of energy storage, and the proportion of surplus electricity connected to the grid has been increased to 50%. The current installed capacity of rooftop photovoltaics in Vietnam exceeds 11.45GW, and there is a lack of supporting documents in many places. The new policy aims to alleviate the electricity shortage and ensure power supply.Editor/Gong Ziwei