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Forbes Global Tower Seeks Billion-Dollar Investments
The Global Forbes Tower Project in the New Capital aims to enhance Egypt's position as a leading global financial and investment hub by constructing a unique 240-meter-high tower that will include luxury offices, a helicopter landing pad, and commercial spaces, with an investment cost of up to one billion dollars. The project focuses on developing a sustainable financial center with zero carbon emissions, as 100% of its electrical needs will be powered by solar energy and clean hydrogen. It will reduce its energy consumption by 46% and avoid approximately 1.8 million kilograms of carbon dioxide emissions annually. Additionally, it is expected to create around 60,000 jobs and attract foreign investments worth $10.8 billion over four years. The project also aims to support the green economy, develop the real estate sector, and promote international cooperation in financial technology and sustainability.
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