Magnom Properties will begin constructing a hydrogen-powered, 50-storey skyscraper in Egypt next year (2025).
The Saudi-controlled real estate firm and Rawabi Holding subsidiary will develop the $1bn office tower in the New Administrative Capital (NAC), located in the desert east of Cairo.
Designs for the Forbes International Tower are scheduled to begin soon, with the building anticipated to be completed by 2030. It is reported that the tower will be financed via various debt-equity instruments.
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