Riyadh - Sharikat Mubasher: The Saudi-based Rawabi Holding Group plans to increase its current $8 billion investment portfolio in Saudi Arabia to $13 billion within the upcoming period, CEO Osman Ibrahim announced.

The group also allocated investments worth $5 billion to develop sustainable international towers under the Forbes name in Saudi Arabia, UAE, and Egypt, the CEO unveiled in an interview with Asharq Business.

Ibrahim clarified that the commercial Forbes international towers will adhere to the highest standards of green building principles and will rely on clean energy resources, such as green hydrogen and solar power, to generate electricity.

The CEO further stated that the group invested around £10 million in World Wide Generation, the British sustainability fintech leader specializing in monitoring carbon emissions.

It should be mentioned that the real estate arm of Rawabi Holding Group, Magnom Properties, recently announced its plans to establish two Forbes towers in Saudi Arabia and UAE