[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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• 2026.09.18 09:11
• [Ha Electric completes key installation of Saudi gas turbine]
• In September 2026, Harbin Electric Power Group completed the hoisting and installation of the No.1 gas turbine at the Shatruma No.2 Combined Cycle Power Station, marking the full start of the project installation. The power station replaces fuel power generation with natural gas power generation, and is expected to reduce carbon dioxide emissions by over 5 million tons per year after completion. It is a landmark project of Saudi Arabia's 2030 vision for energy transformation.Editor/Gao Xue

• 2026.09.18 09:10
• [18 central enterprises sign contracts for 50 projects in Qinghai]
• On September 15, 2026, Qinghai Province signed 50 project cooperation agreements with 18 central enterprises, with a total investment of 306.984 billion yuan, focusing on the layout of clean energy, power communication and other fields. After all are put into operation, it is expected to create 115800 new jobs.Editor/Gao Xue