Business
Egypt unveils $1 billion Forbes World Tower as first zero-carbon financial center in new capital
September 29, 2026 at 11:02 AM
Coverage
2 reports · over 2 hours
Egypt's Cabinet Media Center has unveiled details of the Forbes World Tower, a $1 billion planned zero-carbon hub in the New Administrative Capital.
- Egypt's Cabinet Media Center published infographics detailing the Forbes World Tower, intended for the Central Business District of the New Administrative Capital.
- The center said the tower, designed under architect Adrian Smith, spans 100,000 square meters across 50 floors reaching 240 meters.
- Per the infographics, 100% of the tower's electricity needs will be met by solar power and clean hydrogen, avoiding 1.8 million kg of CO2 emissions annually.
- Citing Forbes, the center stated the project aims to attract $10.8 billion in foreign investment over four years and generate about 60,000 jobs.