#Abu Dhabi #UAE #Infrastructure #Gridora #Abu Dhabi Projects

Strategic Partnership: Gridora and ADPIC Collaborate

In a significant move towards enhancing transport infrastructure, Gridora, a newly established platform by ADQ, IHC, and Modon Holding, has entered into a Memorandum of Understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC). This agreement aims to expedite the execution of transport projects within Abu Dhabi, valued at an impressive AED 35 billion.

The Objectives of the Agreement

With the signing of this inaugural MoU, Gridora and ADPIC are set to create a framework for collaboration that focuses on the development, planning, and implementation of strategic infrastructure projects throughout the emirate. A core component of this agreement will involve establishing a working committee tasked with identifying pilot projects and initiatives that Gridora can undertake in partnership with ADPIC.

H.E. Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Gridora, emphasized the importance of this cooperation, stating, “The expertise and resources of Gridora will enable the establishment of world-class infrastructure that contributes to the ambitious growth and development goals of our nation.” He added that the collaboration will combine innovation and a visionary approach to accelerate the delivery of essential transport infrastructure, thereby transforming Abu Dhabi.

Key Insights from Stakeholders

During the signing ceremony, various leaders highlighted the critical nature of this partnership:

• - H.E. Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, noted that this strategic partnership underscores a mutual commitment to developing transport infrastructures that will facilitate Abu Dhabi's growth as a global city.
• - H.E. Eng. Maysarah Mahmoud Eid, the General Director of ADPIC, reiterated that infrastructure acts as a powerful driver of economic growth and long-term sustainability. The MoU represents a shared vision to enhance connectivity and quality of life across the emirate.
• - Bill O'Regan, Group CEO of Modon Holding, expressed enthusiasm for unlocking Gridora’s potential to deliver critical infrastructure, further ensuring long-term growth in the region.

Gridora's Role and Vision

Gridora operates under Modon Holding's leadership and has been set up with a dual focus on infrastructure projects and investments. This enables the platform to manage the entire lifecycle of infrastructure development, from planning through execution. Its establishment serves as a catalyst for public-private partnerships by leveraging strategic capital, technical expertise, and the necessary scale to create sustainable infrastructure impacts both nationally and internationally.

The agreement with ADPIC is the first in a series of strategic commitments intended to advance high-impact public infrastructure projects. These include initiatives aimed at improving collaborative efforts between public and private sectors, demonstrating Gridora’s extensive operational ambitions.

About Gridora

Founded by ADQ, IHC, and Modon Holding, Gridora is dedicated to fast-tracking the delivery of strategic projects in the UAE and beyond. It specializes in comprehensive services encompassing both infrastructure projects and investments, thereby facilitating effective planning, execution, and operational phases. Gridora collaborates closely with specialized partners and capital providers to deliver large-scale, impactful projects.

About ADPIC

Established in 2023, the Abu Dhabi Projects and Infrastructure Centre is tasked with overseeing investment projects aimed at improving the quality of life for all residents of Abu Dhabi. Projects under ADPIC’s management can range over diverse sectors, including housing, tourist facilities, community amenities, and education. The Centre is committed to maintaining quality and ensuring effective project execution in alignment with Abu Dhabi’s strategic goals, thereby strengthening public-private partnerships and adhering to global best practices in sustainable development.

In conclusion, the collaboration between Gridora and ADPIC is not only a crucial step towards enhancing transport infrastructure in Abu Dhabi but also showcases a strategic partnership that aims to provide long-term value through innovative and sustainable development initiatives.