Saudi designer positioning a huge bet on Egypt’s brand-new capital PUBLISHED : 15 Aug 2024 at 22: 01 A digital rendering reveals the Forbes International Tower, to be built in Egypt’s brand-new administrative capital, which intends to be the veryfirst “net-zero” carbon tower in the Middle East and North Africa. (Photo: Magnom Properties through Reuters) A Saudi-controlled genuine estate company states it prepares to break ground early next year in Egypt’s brand-new capital on a $1-billion, 50-storey workplace tower that intends to be the veryfirst of its kind to be powered by tidy hydrogen. The advanced style and high cost tag represent a bet by Magnom Properties, a subsidiary of the Saudi commercial group Rawabi Holding, that worldwide customers will be drawn to the brand-new capital, a city for over 6 million individuals being constructed from scratch in the desert east of Cairo. The Forbes International Tower — the UnitedStates service publication wellknown for its billionaires’ lists is a partner — is likewise a bet on tidy hydrogen, produced utilizing eco-friendly energy and not yet shown at scale, as Egypt looksfor t
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