[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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• 2026.09.01 11:36
• [Intelligent Optoelectronic Science and Technology Innovation Park starts construction]
• The Science and Technology Innovation Park is built by the Tianjin Jinhang Institute of Technology and Physics, a subsidiary of a state-owned enterprise, and is located at No. 58 Aerospace Avenue next to the core area of Tiankai Park in Nankai District. Plan and construct a research and development building. The vehicle mounted night vision assisted driving system independently developed by Jinhang Institute of Technology Physics can identify pedestrians, vehicles, and obstacles in low visibility environments such as night, haze, rain, and snow in advance. Editor/Cheng Liting

• 2026.09.01 11:35
• [Photovoltaic installed capacity becomes the largest power supply category in China]
• As of the end of July 2026, China's installed capacity of photovoltaic power generation has reached 1.286 billion kilowatts, including 704 million kilowatts of centralized photovoltaics and 582 million kilowatts of distributed photovoltaics. For the first time, the installed capacity of coal-fired power has exceeded 1.285 billion kilowatts, making it the largest installed power category in China. From January to July, the national photovoltaic power generation reached 802.4 billion kilowatt hours, a year-on-year increase of 15.5%, exceeding the growth rate of electricity consumption in the whole society by 10.8 percentage points. It accounted for 13% of the total electricity consumption in the whole society, an increase of 1.7 percentage points compared to the whole year last year. Editor/Cheng Liting