Cairo | A Saudi-controlled real estate firm says it plans to break ground early next year in Egypt’s new capital on a $US1 billion ($1.5 billion), 50-storey office tower that aims to be the first of its kind to be powered by clean hydrogen.
The sophisticated design and high price tag represent a bet by Magnom Properties, a subsidiary of Saudi industrial group Rawabi Holding, that international clients will be drawn to the new capital, a city for over 6 million people being built from scratch in the desert east of Cairo.
