Egypt's $1 Billion Clean Hydrogen-Powered Skyscraper in New Capital City
Key Ideas
- A $1 billion, 50-storey skyscraper powered by clean hydrogen is being constructed in Egypt's New Administrative Capital to accommodate the growing population and establish the country as a green energy hub.
- The Forbes International Tower aims to be the first net-zero carbon tower in the Middle East and North Africa, utilizing solar panels to produce 25% of its electricity consumption and minimizing reliance on utilities.
- The project is part of President Abdel Fattah al-Sisi's megaprojects to boost the country's economy, with the new city expected to eventually house around 6.5 million people and serve as a network of sophisticated office space.
- While critics raise concerns about the project's cost and economic conditions, the initiative signals Egypt's ambition for sustainability and development, with plans to expand to Dubai, Riyadh, and utilize advanced carbon capture technologies.
Egypt's new capital city, the New Administrative Capital (NAC), is set to receive a $1 billion skyscraper powered by clean hydrogen. The Saudi-controlled real estate firm, Magnom Properties, is leading the construction of the 50-storey Forbes International Tower. The tower, aiming to be the first net-zero carbon tower in the Middle East and North Africa, will feature solar panels to generate 25% of its electricity consumption, reducing reliance on utilities. The project is part of President al-Sisi's vision to develop the country's economy, with the NAC accommodating Egypt's growing population and serving as a hub for green energy. The tower is expected to be completed by 2030 and is set to offer a network of sophisticated office spaces. Despite concerns about the project's cost, the initiative highlights Egypt's ambition for sustainability. The tower's construction in partnership with the French artist Richard Orlinksi further underlines its innovative approach in utilizing clean hydrogen and renewable energy sources. While the project faces skepticism regarding the unproven scale of clean hydrogen, it signifies a step towards establishing Egypt as a green energy pioneer in the region.
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