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Energy & Sustainability

Oil and gas, renewables, storage and environmental industries

Industry News
Source: Seetao

SABIC Backs Rongsheng in 67.5 Billion Yuan Zhoushan Petrochemical Project

China's Rongsheng Group is advancing a 67.5 billion yuan new materials petrochemical complex on Jintang Island in Zhoushan with strategic capital from Saudi Arabia's SABIC. The project targets high value-added downstream chemical products including performance resins and specialty polyesters. The collaboration establishes an integrated cross-border supply chain combining Gulf energy resources with Chinese engineering and manufacturing.

China–UAE News
Source: UAE-China Chamber of Commerce

Gulf Sovereign Wealth Funds Allocate 10 Percent Deployed Capital to China

A research report by Modern Diplomacy indicates that Gulf sovereign wealth funds deployed 10 percent of their 2026 capital into China and Hong Kong, compared to 45 percent directed toward the United States. Institutional investors including Abu Dhabi's Mubadala, Saudi Arabia's PIF, and the Qatar Investment Authority continue targeted exposure in Chinese technology, electric vehicles, and renewable energy sectors. The funds are balancing long-term Asian partnerships against global macroeconomic variables and tightening technology investment regulations.

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