[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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• 2026.10.21 16:03
• [Cross regional green power generation in East China exceeds 30 billion kilowatt hours]
• As of October 12, 2026, the East China Branch of State Grid Corporation of China disclosed that the cumulative power consumption of cross regional green power trading in East China Grid exceeded 30 billion kilowatt hours. Relying on multiple cross regional DC channels, clean electricity from 17 provinces flows into East China, covering five provinces and cities including Shanghai, Jiangsu, Zhejiang, Anhui, and Fujian, forming a configuration pattern of multi-source supply and multi-point implementation. Editor/Cheng Liting

• 2026.10.21 16:02
• [The second phase of the "Qinghe No.1" project has started construction]
• On October 20, 2026, the second phase of the "Green Hydrogen No.1" China Energy Engineering Songyuan Hydrogen Industrial Park, with a total investment of 10.828 billion yuan, started construction in Songyuan, Jilin. The first phase will be put into operation in December 2025 and has achieved stable operation at full capacity. The world's first green ammonia ship to ship refueling will be completed in October 2026. After the completion of the second phase, the first and second phases will have an annual production capacity of 600000 tons of green ammonia.Editor/Cheng Liting