Eng. Randa El-Menshawy, Minister of Housing, Utilities, and Urban Communities, discussed with Michael Galpert, CEO of the global Forbes company, the details of the Forbes International Tower project in Egypt during a meeting that addressed opportunities for cooperation and support for global investments in Egypt’s urban development sector.
During the meeting, the housing minister affirmed the ministry’s commitment to providing a supportive environment for global companies and brands to expand in the Egyptian market, noting that projects with an international character contribute to strengthening partnerships with the private sector and attracting foreign investment.
A Sustainable Project
Michael Galpert presented Forbes’ vision for implementing the Forbes International Tower project in Egypt, explaining that the project combines urban innovation with environmental sustainability standards.
According to the details presented during the meeting, the project is the world’s first zero-carbon-emission tower, reflecting the company’s direction toward applying green building solutions and modern standards in urban development.
Supporting Green Building
Eng. Randa El-Menshawy affirmed that the project aligns with the state’s approach toward expanding the application of green building and sustainability standards in urban projects, supporting the development of cities based on modern foundations.
She also highlighted the importance of cooperation with global companies in transferring expertise and enhancing investment opportunities in the real estate and urban development sectors.
Sustainability Certification
The CEO of the global Forbes company explained that the project’s achievement of the Platinum Certification under the Green Pyramid Rating System, issued by the National Housing and Building Research Center, represents an important step toward realizing the project’s vision in accordance with global sustainability standards.
He praised Egypt’s ongoing urban and development progress, as well as the infrastructure and capabilities provided by the new cities that support the implementation of major projects.
Continued Cooperation
At the conclusion of the meeting, both sides agreed to continue coordination during the coming period to strengthen joint cooperation and make use of the available expertise and capabilities, supporting development efforts and increasing opportunities for partnership with global institutions and companies.