[China Power Construction Iraq 750MW Solar Energy Project Approved] On May 30, 2023, the Iraqi Cabinet stated in a foreign statement that it had approved China Power Construction's photovoltaic project in the southern province of Musana, with a total installed capacity of 750MW and a total investment of 520 million US dollars. In August 2021, China Power Construction Corporation signed a cooperation agreement with the Ministry of Electricity of Iraq to develop 2GW photovoltaic power generation projects within Iraq, with the first phase investing in the development of 750MW. The Iraqi government has set a renewable energy development goal and plans to achieve a total installed capacity of 10GW of solar power generation by 2030, mainly relying on investment and development by private sector enterprises. Editor/Ma Xue

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• 2026.01.15 17:22
• [Ningde Times Saudi Service Center is now operational]
• On January 10, 2026, CATL's "Ningjia Service" Middle East's first experience center was opened in Riyadh, Saudi Arabia, which is also its largest overseas new energy aftermarket service facility. The center covers an area of over 7000 square meters and provides full lifecycle services such as battery diagnosis, maintenance, and recycling, covering seven major categories including passenger cars and energy storage systems, and is suitable for the high-temperature sand and dust environment in the Middle East. Relying on a localized certification team and a global spare parts network, it will radiate to countries such as the United Arab Emirates and Qatar, helping Saudi Arabia's "2030 Vision" and injecting momentum into the energy transformation of the Middle East.Editor/Bian Wenjun

• 2026.01.15 17:22
• [Saudi Basic Industries Company sells two major assets worth 6.6 billion yuan]
• On January 8, 2026, Saudi Basic Industries Corporation (SABIC) announced the sale of two major assets for 6.6 billion yuan (950 million US dollars), selling its European petrochemical business to Aequita for 500 million US dollars and its European and American engineering plastics business to Mutares for 450 million US dollars. The sale of assets covers multiple countries' pharmaceutical production bases and various polymer facilities, aiming to divest non core businesses, alleviate high cost pressures in Europe, concentrate resources on high profit areas and growth markets such as China, and optimize capital returns and cash flow.Editor/Bian Wenjun