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AIRO – Minister of Investment and Foreign Trade Hassan El-Khatib met with Maged Marai, CEO of Magnom Real Estate, to discuss the company's upcoming projects in Egypt's New Administrative Capital. A key project is the Forbes International Tower, a $1 billion hydrogen-powered skyscraper aiming for carbon neutrality.
The tower will use 75% hydrogen energy and 25% solar power from embedded photovoltaic panels. Minister El-Khatib pledged full support to facilitate its establishment, marking a significant step towards sustainable real estate development.
Egypt's investor-friendly policies were highlighted as an attractive feature for investors, including those in the private sector. Maged Marai emphasized Magnom Real Estate's commitment to sustainability and its vision to transform the sector by minimizing carbon emissions through liquid hydrogen energy.
The Forbes International Tower incorporates cutting-edge technologies in design, construction, and operation, aiming for a 100% renewable energy footprint.
