[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
On August 5th, it was reported that the Maldang Hydropower Station of National Energy Group Qinghai Company had a monthly power generation of 1.124 billion kilowatt hours in July 2026, setting a new historical high since its commissioning.Editor/Cheng Liting
As of the end of June 2026, the installed capacity of wind and solar new energy power generation in Shanxi Province has exceeded 80 million kilowatts, reaching 80.6121 million kilowatts. During the 14th Five Year Plan period, the province added 45.0091 million kilowatts of wind and solar new energy power generation installed capacity, an increase of 137.11% compared to the end of the 13th Five Year Plan.Editor/Cheng Liting