[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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  • 2026.04.02 10:35
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  • On March 27, 2026, Datang Hulu Aluminum Power Company signed a contract with Qingshuihe County to invest 1.86 billion yuan in the construction of a 300MW wind power project. The green power line will directly supply electrolytic aluminum production, replacing coal-fired thermal power. The project reduces carbon dioxide emissions by 540000 tons annually, with green electricity accounting for 18%, helping to reduce carbon emissions and costs in electrolytic aluminum, and enhancing the green competitiveness of products.Editor/Gao Xue
  • 2026.04.02 10:32
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