[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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• 2026.06.09 10:28
• [Speed up of Binhai Haili Wind Power Base]
• In June 2026, the construction of the Yancheng Binhai Haili Large MW Offshore Wind Power Base has been completed at multiple points, with a total project volume of 30% completed. We are striving to complete the main project within the year, and the annual sales revenue after reaching capacity can reach 2 billion yuan.Editor/Gao Xue

• 2026.06.09 10:25
• [Kenyi Lake Floating Light Project]
• On June 3, 2026, Sunview signed a RM1.962 billion EPCC contract with Cypark to build 595 MW hydroelectric hybrid floating solar panels with energy storage in Terengganu, with completion scheduled for 2028.Editor/Gao Xue