Leading Abu Dhabi-based global entities ADQ, IHC and Modon Holding announced today that they have entered into a joint venture to form a dedicated infrastructure platform that will actively drive infrastructure development for private and public-private partnerships.
Operating under Modon Holding, Gridora will serve as a strategic platform for collaboration with specialist partners and capital providers, enabling the delivery of large-scale, high-impact infrastructure projects.
“Abu Dhabi’s thriving economy and growing population demand world-class infrastructure. By leveraging the collective expertise and resources of ADQ, IHC and Modon Holding, Gridora will become a local, regional, and international champion for infrastructure development and drive a step change in delivering strategic projects,” stated Jassem Mohamed Bu Ataba Al Zaabi, chairman of Modon Holding.
Gridora to focus on infrastructure projects and investments
Leveraging Modon Holding’s national, regional and international infrastructure and real estate development expertise, the new entity will accelerate the delivery of major projects across the UAE and globally. It will enhance capacity for deployment, streamlining the procurement and implementation of key infrastructure contracts.
“As a long-term investor with deep exposure across infrastructure investments, the establishment of Gridora exemplifies our commitment to design and enable transformative development for projects of strategic importance. Our partnership with world-class institutions, such as Modon and IHC, aims to unlock further value through this platform, and it is a reflection of our growing confidence to drive innovation and efficiency built for long-term impact for the emirate and beyond,” added Mohamed Hassan Alsuwaidi, managing director and group CEO of ADQ.
Gridora will be structured around two complementary business lines, Infrastructure Projects and Infrastructure Investments, which reflect the project origination and asset management capabilities of its founding partners. This dual-focus model is designed to generate returns while addressing the transformative shift required to scale infrastructure implementation nationally, regionally and internationally.
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Gridora to foster public-private collaboration
By assuming a leadership role in critical delivery processes, Gridora will create value throughout the infrastructure lifecycle – from early-stage planning through to operations – unlocking new opportunities for both fee-based revenues and long-term investment yields.
“As a long-term investor, we see strong potential in harnessing infrastructure investments to unlock new economic value, deepen private sector participation, and drive infrastructure-led growth across markets. With Modon as part of the IHC Group, this joint venture reinforces our strategy of empowering our dynamic value networks to lead in sectors that are vital to national and regional development,” stated Syed Basar Shueb, CEO of IHC.
With the combined strength of its three founding partners, Gridora is strategically positioned to foster long-term collaboration between the public and private sectors.
“Gridora will harness Modon Holding’s pioneering capabilities to channel expertise and capital into key projects and build on Abu Dhabi’s proven framework for development of transformative infrastructure. Alongside expediting the delivery of state-of-the-art infrastructure, it will also open new revenue streams and attractive long-term opportunities for Modon Holding and our partners,” added Bill O’Regan, group CEO of Modon Holding.
