[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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• 2026.07.22 15:33
• [WEET's electricity consumption exceeded 100 billion yuan for the first time in six months]
• In the first half of 2026, the West East power transmission capacity of China Southern Power Grid reached 108.1 billion kilowatt hours, a year-on-year increase of 5.6%, setting a new historical high for the same period, with clean energy accounting for over 80%. Under the power situation of "strong supply and demand" in the southern region, Nanwang Ultra High Voltage Company has leveraged the synergistic effect of "medium and long-term+spot", and sold over 100 billion kilowatt hours of electricity for the first time in the first half of the year, reaching 103.5 billion kilowatt hours. Editor/Cheng Liting

• 2026.07.22 15:32
• [Dell Technology's 1.2 billion manganese based new material project starts construction]
• The annual production of 100000 tons of high-purity manganese sulfate and 20000 tons of manganese trioxide project by Fujian Dexiang New Materials Co., Ltd. has started, with a total investment of 1.2 billion yuan and an area of 299.82 acres. It is a key project in Fujian Province in 2026. The project adopts the independently developed process of "two mines and one step" to produce high-quality manganese based new energy materials. Editor/Cheng Liting