[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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• 2026.02.27 09:25
• [Geely's lithium iron phosphate project is put into operation in Jiangxi]
• The Jiangxi Yiyuan New Energy Lithium Iron Phosphate Cathode Material Project under Geely Technology Group has been put into operation in Yichun. The first phase of this project can process 40000 tons of waste batteries annually, aiming to strengthen Geely's independent and controllable supply chain for new energy vehicles and cope with fluctuations in lithium battery material prices. At present, Geely's installed capacity of batteries has ranked among the top ten in China.Editor/Gao Xue

• 2026.02.27 09:19
• [Poland launches trillion dollar infrastructure investment plan]
• Poland plans to invest approximately 1 trillion zlotys or 280 billion US dollars in key infrastructure areas such as nuclear power and transportation over the next decade. The country's National Development Bank has financed 12 billion zlotys for nuclear power projects and reserved 10 billion zlotys for the 'Polish Port' project.Editor/Gao Xue