The Hydrogen Horizon: Egypt's Ambitious Tower Project
Key Ideas
- A Saudi-controlled property business plans to launch a 50-storey hydrogen-powered tower in Egypt's new capital, Sissi City, aiming to become a hydrogen hub in Africa.
- The tower, designed to be powered by clean hydrogen, is expected to supply 75% of its energy needs, showcasing a significant step towards sustainable energy practices.
- Magnom Properties, a subsidiary of Saudi industrial group Rawabi Holding, is spearheading the project with ambitions to attract an international clientele and complete the tower by 2030, aligning with Egypt's vision for a futuristic city.
Egypt's new capital, Sissi City, is set to witness the construction of a groundbreaking hydrogen-powered tower by Magnom Properties, a Saudi-controlled business. The ambitious project, announced at the Davos Forum, reflects Egypt's aspiration to position itself as a hydrogen hub in Africa. The tower, set to be over 50 storeys high and powered by clean hydrogen, symbolizes a shift towards sustainable energy solutions. President Abdel Fattah al-Sissi's $60 billion project aims to transform the desert landscape into a modern metropolis, accommodating millions of inhabitants. With hydrogen expected to fuel 75% of the tower's energy needs, the development signifies a significant leap towards eco-friendly practices. Magnom Properties, led by Karim Dayhoum, plans to attract international investors and clients to the Forbes International Tower, slated for completion by 2030.