[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

Click to see more live >>

• 2026.07.01 15:45
• [The Xudabao Nuclear Power Transmission Project has successfully delivered electricity]
• On June 30, 2026, the Xudabao Nuclear Power 500 kV Transmission Project successfully delivered power to the entire line. The project is designed for grid connected power transmission of Xudabao Nuclear Power Plant units. After the project is fully put into operation, it can deliver 10 billion kilowatt hours of green electricity annually, ensuring the electricity supply for a large number of enterprises while significantly reducing carbon emissions. Editor/Cheng Liting

• 2026.07.01 15:44
• [Shaanxi Electric Power's Anhui Ultra High Voltage Project is officially put into operation]
• On June 30, 2026, the ± 800 kV high-voltage direct current transmission project from northern Shaanxi to Anhui was fully completed and put into operation. This is the first ultra-high voltage direct current transmission project put into operation in China during the 15th Five Year Plan period. After the project is put into operation, it can replace 5.5 million tons of coal consumption and reduce 14.2 million tons of carbon dioxide emissions annually. Editor/Cheng Liting