[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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• 2026.08.14 11:30
• [Romania Grants Approval for Europe’s Largest 1.2GW PV Plant]
• The Dama Solar1.2GW photovoltaic project in Arad County, Romania has received official approval and is expected to be put into operation by 2028 with the support of contracts and financing from multiple institutions. After completion, it will become the largest photovoltaic power station in Europe and help expand clean energy supply in Southeast Europe. Editor/Min Jing

• 2026.08.14 11:29
• [Mongolia Expands Fuel Imports to Alleviate Energy Crisis]
• Mongolia is facing a fuel supply crisis, and Prime Minister Oyun Erdene is coordinating efforts to alleviate the situation. Multiple parties are coordinating with Belarus, Kazakhstan, and other countries to purchase aviation kerosene. Coupled with tariff reduction policies to stabilize prices, local refineries have been postponed to 2028 for production. Editor/Min Jing