[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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• 2026.06.26 17:35
• [Fengcheng Oilfield completes boiler ultra-low nitrogen transformation]
• Recently, the low nitrogen transformation of steam injection boilers in Fengcheng Oilfield, Xinjiang has been fully completed, with emissions meeting standards and a significant reduction in failure rates, achieving a win-win situation of green and stable production.Editor/Gao Xue

• 2026.06.26 17:33
• [GCL's billion dollar intelligent computing base settled in Shaoguan]
• On June 23, 2026, GCL Energy Technology signed a contract with Shaoguan to invest in the construction of a billion dollar South China intelligent computing base, creating a zero carbon computing power base and empowering AI and low altitude economy in the Greater Bay Area.Editor/Gao Xue