#Abu Dhabi #United Arab Emirates #ADQ #IHC #Modon

Gridora: Pioneering Infrastructure Development in Abu Dhabi

In a major move toward enhancing infrastructure development in Abu Dhabi and beyond, three leading companies—ADQ, IHC, and Modon Holding—have established a joint venture named Gridora. This innovative platform aims to facilitate national, regional, and international strategic projects by collaborating with specialized partners and investors.

The Vision Behind Gridora

Gridora is positioned as a strategic initiative under Modon Holding, intending to streamline the execution of significant infrastructure projects. Emphasizing the necessity of effective public-private partnerships, Gridora seeks to drive impactful infrastructure initiatives that align with the rapid growth and increasing demands of Abu Dhabi's population and economy.

His Excellency Jassem Mohamed Bu Ataba Al Zaabi, the Chairman of Modon Holding, stated, "The growing economy and population of Abu Dhabi necessitate world-class infrastructure. By leveraging the collective expertise and resources of ADQ, IHC, and Modon Holding, Gridora is set to become a champion for infrastructure development both locally and internationally."

Dual Approach to Infrastructure

Gridora will consist of two main business areas: infrastructure projects and infrastructure investments. This dual-focus model aims to address the core competencies of project development and asset management from its founding partners. Not only is Gridora committed to generating returns, but it also addresses the fundamental changes required for effective infrastructure implementation on multiple scales.

By taking a leadership role throughout the infrastructure lifecycle—from initial planning to operational phases—Gridora endeavors to unlock new revenue streams and long-term investment returns. The combined strengths of ADQ, IHC, and Modon Holding position Gridora favorably to enhance long-term public-private collaboration.

Strategic Implicatons

ADQ, established in 2018, focuses on critical infrastructures and global supply chains. Its engagement with strategic partners, such as Modon and IHC, signals a commitment to fostering long-standing infrastructural improvement while realizing significant economic values. Mohamed Hassan Alsuwaidi, Managing Director and Group Chief Executive Officer at ADQ, highlighted, "The formation of Gridora underscores our efforts to design and facilitate projects of strategic importance. Our collaborations aim to push the envelope on innovation and efficiency beneficial for the Emirate and beyond."

Similarly, Syed Basar Shueb, CEO of IHC, emphasized the platform's potential to generate substantial economic value through enhanced private sector participation in infrastructure investments. IHC's reputation for building future-ready platforms aligns perfectly with Gridora's mission.

Bill O'Regan, CEO of Modon Holding, reiterated the strategic focus by stating, "This joint venture underscores Modon's mission to build intelligent cities for a connected life. Gridora will significantly accelerate the delivery of essential infrastructure projects while expanding the network of specialized partners from the private sector."

Conclusion

With its ambitious roadmap, Gridora aims to reshape infrastructure development across Abu Dhabi and set a benchmark for strategic project execution globally. By capitalizing on the unique strengths of its founding entities, Gridora represents a significant commitment to future-focused infrastructure solutions that will not only cater to immediate needs but will also pave the way for sustainable growth in the region's economic landscape. As the collaboration unfolds, all eyes will be on Gridora to see how it transforms the infrastructure paradigm.

For more information on this groundbreaking initiative, visit ADQ's website, or follow them on their social media channels.