In a recent meeting, Minister of Investment and Foreign Trade, Hassan El-Khatib, expressed full support for Magnom Real Estate's ambitious project in Egypt's New Administrative Capital. The project, Forbes International Tower, is set to become the world's first hydrogen-powered skyscraper with an impressive $1 billion investment. The tower is designed to use hydrogen as the primary clean energy source, covering a significant portion of its energy requirements, while the rest will be supplied by solar energy from embedded photovoltaic panels. Minister El-Khatib praised the commitment to sustainability and carbon neutrality showcased by the project, emphasizing Egypt's investor-friendly environment. CEO Maged Marai highlighted the tower's role in transforming the real estate sector by utilizing liquid hydrogen to reduce carbon emissions. The project aims for a 100% renewable energy footprint and integrates advanced technologies in its construction and operation. This initiative not only marks a significant step towards sustainable real estate development but also underlines the growing importance of hydrogen as a clean energy source in the construction industry.