Magnom Properties, Forbes to build landmark zero-carbon commercial tower in Cairo

Magnom Properties, Forbes to build landmark zero-carbon commercial tower in Cairo

The 53rd annual meeting of the World Economic Forum (WEF) that recently concluded in Davos, Switzerland, saw global leaders underscore the need for mainstreaming smart and sustainable climate solutions in urban development to enhance the livability, efficiency and productivity of cities. Against this fitting backdrop, Egypt-based Magnom Properties and Forbes announced their plans to build an innovative, environmentally-responsive tower set in the heart of the New Administrative Capital in Cairo, Egypt. Designed by renowned architects, Adrian Smith + Gordon Gill Architecture (AS+GG Architecture), the planned ‘Forbes International Tower’ will mark the next generation of building design, as Magnom Properties, a subsidiary of Rawabi Holding, aims to push the boundaries of modern construction to pursue a zero-carbon strategy. The partnership also marks the first time that Forbes has branded a commercial tower. A licence agreement to develop the project was signed at the Dome at WEF by Abdulaziz Al Turki, group chairman of Rawabi Holding and chairman of Magnom Properties, and Mike Federle, CEO, Forbes, in the presence of Othman A Ibrahim, CEO of Rawabi Holding, vice chairman of its Board of Directors and vice chairman of Magnom Properties; Maged Marie, CEO, Magnom Properties; and architects Adrian Smith and Gordon Gill.