Egypt to Construct a Forbes Tower, boasting as 'eco-responsive'
Forbes International Tower: A Sustainable and Luxurious Commercial Hub in Cairo
The Forbes International Tower, a new luxury commercial project in Cairo, is set to become a beacon of sustainability and innovation in the Middle East and North Africa (MENA) region. Developed by Magnom Properties, this Platinum LEED certified tower is poised to redefine high-performance buildings in Cairo.
Located in the north Central Enterprise zone of Cairo's New Administrative Capital, the Forbes International Tower boasts a net-negative carbon lifecycle and a commitment to reducing carbon emissions through the use of green hydrogen as a clean energy source. This marks the first time Forbes has been branded as a business tower, a testament to the reputable publishers' commitment to promoting entrepreneurial industrialism.
The tower, designed by Adrian Smith + Gordon Gill Design (AS+GG Design), features two pairs of interconnected office towers, embodying modern, sustainable architecture. Inside, employees will find 'biophilic' designs that enhance air circulation, bring nature indoors, and contribute to improved well-being.
The Forbes International Tower will also incorporate state-of-the-art sustainable lighting technology, in partnership with German luxury lighting brand Occhio. Additionally, the tower will utilize solar panel roofs, automated cooling and heating field devices, and intelligent structure technology to optimize energy efficiency.
Mike Federle, CHIEF EXECUTIVE OFFICER of Forbes, has stated that the Forbes tower will provide a cutting-edge and responsible space for businesses, aligning with the tower's ecologically responsive design. The project represents a USD 1 billion investment, underscoring its significance in the region.
The Forbes International Tower is being built by Magnom Features, and a Memorandum of Understanding for its development was signed at the Dome at WEF in Davos by Abdulaziz Al Turki and Mike Federle. With its receptive skyrocketing glass, steel, and photovoltaic-laced style, the Forbes International Tower is set to become a landmark in Cairo's skyline.
Projections for Egypt's property sector show a 6.5% Compound Annual Growth Rate (CAGR) development between 2022-30, higher than the international market average. This promising outlook for the Egyptian economy, coupled with investments in MENA reaching an 8-year high, makes the Forbes International Tower a timely and strategic investment.
In conclusion, the Forbes International Tower is not just a premium office development; it is a benchmark for sustainability and innovation in the region. Its commitment to advanced energy solutions, green building standards, and employee well-being sets it apart as a leader in the commercial real estate sector.
- The Forbes International Tower, a luxury commercial project, is aligning itself with advanced energy solutions and green building standards, positioning it as a leader in the commercial real estate sector.
- With state-of-the-art sustainable lighting technology, solar panel roofs, and intelligent structure technology, the Forbes International Tower aims to optimize energy efficiency and reduce carbon emissions.
- Incorporating a net-negative carbon lifecycle and green hydrogen as a clean energy source, the Forbes International Tower is set to be a beacon of sustainability and innovation in the MENA region.
- The Forbes International Tower, with its commitment to reduced carbon emissions and improved environmental well-being, serves as a testament to the blending of business, technology, science, climate-change, and environmental-science in the realm of finance and investing, especially in real-estate.
