[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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• 2026.06.25 10:13
• [Hengshui won the bid for 5.3 billion coal-fired power plant]
• Recently, the survey and design of Guoneng Hebei Hengfeng 2 × 660MW cogeneration expansion project was announced as the winning bidder. Zhongneng Jianhua North Institute won with 13.86 million yuan, with a total investment of 5.387 billion yuan.Editor/Gao Xue

• 2026.06.25 10:08
• [Zambia 500MW Photovoltaic]
• Industry news: Zambia has signed a PPA with South Korea to land a 500MW centralized photovoltaic project, which is the country's largest renewable project. After grid connection, State Grid will fully purchase the electricity and enhance energy security.Editor/Gao Xue