[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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• 2026.09.16 09:58
• [Thailand approves 55 projects to promote AI applications]
• On September 10, 2026, the National Competitiveness Enhancement Fund of Thailand approved 55 projects to support enterprise technology upgrading, including 48 enterprise transformation projects and 7 skill enhancement projects, with a total investment of approximately 3.54 billion Thai baht. The focus is on artificial intelligence, automation, digital technology, and green industries, with plans to cultivate about 10000 industrial skilled talents.Editor/Gao Xue

• 2026.09.16 09:55
• [Thai company restarts 6-gigawatt gas-fired power plant project in Vietnam]
• On September 14, 2026, Gulf Development Energy in Thailand confirmed the restart of a 6-gigawatt gas-fired power generation and LNG receiving station project in Nam Thuan Province, Vietnam. The company's investment plan for 2030 is 140 billion Thai baht, with a focus on renewable energy and about one tenth invested in cloud computing and AI infrastructure.Editor/Gao Xue