Magnom Properties has announced plans to construct the 'Forbes International Tower' in Egypt's New Administrative Capital, set to be the first skyscraper in the Middle East and North Africa powered by clean hydrogen, promoting a net-carbon zero environment. The 50-storey tower, designed by renowned architects, is expected to be completed by 2030, with an estimated cost of USD 1 billion. The project aims to cater to high net-worth individuals with luxurious amenities including cyber security systems, a helipad, and VIP elevators. The tower is part of Magnum Properties' strategy to create high-end projects and establish an opulent lifestyle experience, with future plans to build similar towers in Dubai and Riyadh. Financed through a combination of debt and equity tools, including potential partial ownership, the tower highlights a growing trend towards sustainable development and renewable energy in the region.