Magnom Properties reinforces commitment to decarbonising built environment at COP28

Real Estate

Magnom Properties reinforces commitment to decarbonising built environment at COP28

Dr. Mahmoud Mohieldin, the UN Climate Change High-Level Champion for COP27 and UN Special Envoy for Financing the 2030 Sustainable Development Agenda and Dr. Rania Al-Mashat, Minister of International Cooperation, Egypt, among high profile speakers hosted by Magnom Properties at COP28

In a significant presence at the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC), Magnom Properties, a subsidiary of Saudi Arabia's Rawabi Holding, underscored the critical need for decarbonization in the region's construction sector. The company emphasized the pivotal role of green buildings in fostering climate change resiliency during this prestigious event held in the UAE.

At the Blue Zone in Expo City Dubai, Magnom Properties took the lead in discussions organized by the Saudi Green Building Forum (SGBF), engaging with regional ministers, government officials, UNFCCC leaders, climate action advocates, industry leaders, and sustainability consultants. The workshop, titled "Navigating the Future: Cyber Security in a Digital Age," brought together cybersecurity professionals from Anxinsec and enthusiastic students from 42 Abu Dhabi to explore various topics within the field.

A highlight of the event was the presence of H.E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security Council UAE, who delivered a compelling keynote on the Strategic Vision of cybersecurity. Dr. Al Kuwaiti emphasized the commitment to a resilient cyber ecosystem, stressing the importance of sharing experiences, continuous learning, and innovation to address cybersecurity challenges.

Distinguished speakers at the event included Dr. Mahmoud Mohieldin, UN Climate Change High-Level Champion for COP27, and UN Special Envoy for Financing the 2030 Sustainable Development Agenda, and Dr. Rania Al Mashat, Minister of International Cooperation, Arab Republic of Egypt. These sessions focused on crucial topics such as "Financing Transition and unlocking climate financing in emerging markets."

Dr. Mohieldin highlighted the intricate link between climate finance and UN Sustainable Development Goals (SDGs), emphasizing the need for effective strategies to accelerate climate action. He emphasized that investments in sustainable cities, buildings, and green infrastructure were critical for progress.

Dr. Rania Al Mashat shared Egypt's experience in financing green projects, citing the example of Egypt's Nexus of Water, Food, and Energy (NWFE) Program. Stressing the importance of clear project alignment with national goals and UN SDGs, she highlighted the collaborative efforts of various partners to mobilize resources for infrastructure projects.

Magnom Properties contributed to the discussions by presenting an overview of the Forbes International Tower, a groundbreaking net-negative carbon tower designed by Adrian Smith + Gordon Gill Architecture. The tower, spanning the UAE, Saudi Arabia, and Egypt, incorporates innovative features such as integrated photovoltaic solar systems and a hydrogen-based fuel cell system for renewable power generation.

Osman Ibrahim, CEO of Rawabi Holding and Vice Chairman of Magnom Properties, emphasized the pivotal role of green buildings in enhancing sustainability standards in the region's real estate sector. Maged Marie, CEO of Magnom Properties, discussed how partnerships across sectors fueled the Forbes International Tower's net-negative carbon vision.

Architect Gordon Gill, Founding Partner of AS+GG Architecture overseeing the Forbes International Tower's design, highlighted how the tower's sustainability vision represents a paradigm shift in construction.

Aligned with the Buildings Breakthrough Initiative launched at COP28, Magnom Properties and Rawabi Holding reaffirm their commitment to accelerate decarbonization in the built environment. With buildings contributing nearly 40% to global energy-related carbon emissions, the Forbes International Tower exemplifies their dedication to addressing the challenges of urbanization and climate change, shaping a sustainable future for all.