[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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• 2026.04.01 11:10
• [Gansu releases new energy+action plan]
• On March 31, 2026, Gansu Province released the Implementation Plan for New Energy+Action, which specifies that by 2030, the installed capacity of new energy will reach 160 million kilowatts, and an additional 80 million kilowatts will be added during the 15th Five Year Plan period. Ten major actions, including multi energy complementarity, green parks, and green hydrogen corridors, will be deployed to promote the integration of coal and new energy, build zero carbon parks, and create the Hexi Green Hydrogen Corridor.Editor/Gao Xue

• 2026.04.01 11:07
• [Chinese company to build solar power plant in Azerbaijan]
• Azerbaijan's Alat Free Economic Zone has provided 138 hectares of land to China's SunSync company, of which 23 hectares will be used for the construction of a solar panel production line. The product will be used for bidding within the region and nationwide, and the generated green electricity can be sold to enterprises within the region. The wind turbine manufacturing project is also underway.Editor/Gao Xue