Vietnam has inaugurated its first LNG power plants, Nhon Trach 3 and 4, in Dong Nai Province. Built by Petrovietnam at a cost of USD1.4 billion, the 1,624 MW twin plants will generate over nine billion kWh annually to stabilise the national grid, particularly in the south. Prime Minister Pham Minh Chinh stated the project is crucial for national energy security, supporting the country's rapidly growing demand from high-tech sectors.
Toll Group has launched Singapore’s first decarbonisation hub dedicated to electric supply vessels, a 12-month proof-of-concept developed with Yinson GreenTech. The hub integrates electric marine transport, smart warehousing, and efficient trucking into one digitally connected operation.
Saudi Arabia is moving ahead with its plans for Advanced Air Mobility with the General Authority of Civil Aviation (GACA) signing an agreement with US-based Archer Aviation. The collaboration aims to develop a regulatory path for electric vertical take-off and landing (eVTOL) air taxis in the Kingdom. The first routes are expected to connect Riyadh and Jeddah, and service the nation’s giga-projects like Red Sea Global.
Real Finance, a Layer-1 blockchain network focused on the tokenisation of real-world assets (RWAs), has raised a total of $29 million in private funding. The capital includes a $25 million commitment from Nimbus Capital and a $4 million private round led by Magnus Capital. The financing is a major step in the company's strategy to expand its compliance-ready infrastructure and accelerate the onboarding of institutional financial partners.
Romania has announced the Dracula Land project concept, a private investment exceeding €1 billion aimed at creating the largest entertainment, retail, and technology destination in Europe. The 160-hectare site, located near Bucharest and Otopeni Airport, is a collaboration between Romanian investors Dragoş Dobrescu and George Toader and international partners.
Brookfield and Qai, the AI subsidiary of Qatar Investment Authority, have announced a $20 billion strategic joint venture focused on artificial intelligence infrastructure. The partnership will develop fully integrated AI facilities in Qatar to support its burgeoning digital ecosystem. The Integrated Compute centre is set to expand high-performance compute access regionally, aligning with Qatar’s ambition to become a major AI hub in the Middle East, advancing its National Vision 2030.
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