News DeskDubai, UAE – Magnom Properties, a subsidiary of Saudi Arabia’s Rawabi Holding, has bagged two prestigious awards at the International Property Awards 2023-2024 for its upcoming Forbes International Tower, a futuristic, lifecycle net negative carbon commercial tower that will be built in Saudi Arabia, the UAE and Egypt.
The company won the awards for ‘Best Commercial High-Rise Development’ and ‘Best Mixed-Use Development’, Africa, at the gala ceremony that took place at the Savoy Hotel in London. The International Property Awards are considered the world’s most authoritative and respected awards in the field of property and real estate. They celebrate excellence and innovation in design, construction, sustainability and marketing of properties across the globe.
Osman Ibrahim, CEO, Rawabi Holding and Vice Chairman, Magnom Properties, expressed his delight at receiving the awards and said that they reflect the company’s global position and vision in the real estate sector. He added that the company aims to provide innovative solutions that address the challenges of the built environment and contribute to a sustainable, emissions-free future for the region.
Maged Marie, CEO, Magnom Properties, said that Forbes International Tower is part of the company’s ambitious vision to bridge the gap between a commercial tower and a sustainable, high-performing zero-carbon mixed use development. He said that the international recognition reaffirms the company’s strategic focus on overall excellence and innovation, and its core vision to take the Arab world into a futuristic sustainable world.
Forbes International Tower is a joint venture between Magnom Properties and Forbes, the global media company. It is the first project of its kind in the Middle East, with its environmentally sound, technology-driven experiential structure that places it at the intersection of design, technology and innovation. The tower will feature state-of-the-art facilities, smart systems, green spaces, renewable energy sources, and a unique architectural design that will make it a landmark in the region.
