Forbes to build carbon-free commercial tower in Egypt’s New Administrative Capital

Aziz Abouelkhair, Monday 23 Jan 2023

World renowned business magazine Forbes, in collaboration with Magnom Properties, will construct Forbes International Tower, a carbon-free commercial tower, in the northern Central Business District of Cairo’s New Administrative Capital.

New Administrative Capital
File Photo: A view of the Iconic Tower skyscraper and other construction work in the business and finance district of Egypt s New Administrative Capital megaproject, some 45 kilometers east of Cairo, in August 2021. AFP


The partnership, which marks Forbes’ first foray into commercial towers, was announced on the concluding day of the 53rd World Economic Forum in Davos, Switzerland, where smart and sustainable climate solutions in urban development were discussed.

Forbes is a US business magazine published eight times a year. It is known for its lists and rankings of world billionaires.

Magnom Properties, an Egyptian subsidiary of the Saudi-based Rawabi Holding, enlisted the help of Adrian Smith + Gordon Gill Architecture firm, which designed the UAE’s Burj Khalifa, to envision the zero-carbon building.

“The visually striking, beautifully futuristic 'Forbes International Tower’ has a contextually responsive soaring glass, steel, and photovoltaic-laced design. The tower features captivating curves of glass and steel that launch skyward to form 55 floors of flexible office space and two stories of high-end retail experiences,” said Adrian Smith during the announcement.

According to a press release by Forbes, the tower harnesses the power of surrounding natural resources and elevates energy performance standards with a solar panel rooftop, fully automated HVAC field devices, and modern intelligent building technology. 

“The harmonious biophilic designs assist in air circulation [and] bring nature indoors,” read the release.

Forbes' will not be the first carbon-free building in the New Administrative Capital.  

According to Khaled Abbas, chairman and managing director of Administrative Capital For Urban Development, the new capital targets a zero-carbon governmental district where 30 percent of its electricity is generated from solar panels, all the lights are green, and the footprint of the district is only between 20 to 25 percent while the rest is landscape.

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