[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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• 2026.08.04 16:04
• [China's nuclear power installed capacity jumps to the world's first place]
• At present, there are 120 nuclear power units in operation and under construction approved in Chinese Mainland, with an installed capacity of 135 million kilowatts, ranking first in the world in terms of total scale. Among them, there are 62 operating units and 58 approved under construction units. According to the "15th Five Year Plan for Carbon Peak Action", the target for the installed capacity of nuclear power operation by 2030 is about 110 million kilowatts. Nuclear power has the advantages of low carbon, high energy density, and stable power supply, which will balance power growth and carbon reduction needs, ensure energy supply, and support a high proportion of new energy grid connection.Editor/Gong Ziwei

• 2026.08.04 15:21
• [Tianjin power grid load exceeds 20 million kilowatts for the first time]
• On August 3, 2026, the maximum load of Tianjin power grid climbed to 20.949 million kilowatts, breaking through the 20 million kilowatt mark for the first time, an increase of 1.579 million kilowatts from the highest load of 19.37 million kilowatts last year, a year-on-year increase of 8.15%. Editor/Cheng Liting