According to Reuters, a Saudi-controlled property business is planning to launch a 50-storey hydrogen-powered office tower early next year. It will be located in the new capital that Egypt is building up, 50 km away from Cairo. 

In the middle of desert, Egypt is building a new capital. This $60 billion project is a priority for President Abdel Fattah al-Sissi, who dreams of a ‘new Dubai’. Designed to accommodate 6 million inhabitants, the city has been under construction since 2016 and aims to become the new capital, replacing Cairo. But for now, it is known as Sissi City. 

Destined to host some very ambitious projects, the future capital will be home to a billion-dollar tower over 50 storeys high from next year. It is expected to be the first tower of its kind as it will be powered by clean hydrogen. A feature that fits in well with the country’s ambition to become a hydrogen hub in Africa. To be more precise, hydrogen will supply 75% of energy needs, as mentioned in this article. 

The project is being carried out by Magnom Properties, a subsidiary of the Saudi industrial group Rawabi Holding. The company is counting on an international clientele. Magnom will soon begin the detailed design of the Forbes International Tower*. The aim is to complete the building by 2030, according to Karim Dayhoum, the company’s Executive Director of Projects.

* Forbes magazine is associated with this hydrogen-powered tower project, which was announced at the Davos Forum in January 2023.

Do you want to learn more about hydrogen in Egypt? Then our latest articles about the country should interest you. You can read our Egypt-related articles here.

Article written by Laurent Meillaud and translated by Logan King