[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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• 2026.08.05 10:11
• [CGN Ningde Offshore PV Project in Fujian Fuding Achieves Full‑Capacity Grid Connection]
• The CGN Ningde 200 MW offshore photovoltaic project has successfully connected to the grid at full capacity in Fuding, Fujian. It relies on the nuclear power sea area to carry out complementary development of nuclear and solar energy, and is equipped with energy storage and high cross sea iron towers. Multiple technological breakthroughs have been completed to assist local energy transformation and the implementation of dual carbon goals. Editor/Min Jing

• 2026.08.05 10:09
• [Tangshan Receives World’s First Sodium‑Ion Battery Mining Truck]
• In July 2026, the world's first set of sodium ion battery pure electric mining trucks was delivered at Sanyou Mine in Tangshan. The mining truck is equipped with a starfish series battery system with a capacity of 676kWh, relying on the performance advantages of sodium batteries to assist in the electrification transformation of mining diesel equipment. Editor/Min Jing