ADQ, IHC, and Modon Launch Gridora for Infrastructure Development

A New Era in Infrastructure Development: The Launch of Gridora

In an ambitious move to reshape the landscape of infrastructure development, three major entities from Abu Dhabi—ADQ, IHC, and Modon Holding—have announced the formation of a dynamic joint venture named Gridora. This new entity is designed to steer the progress of significant infrastructure projects at national, regional, and international levels, by fostering partnerships with specialized collaborators and capital providers.

Objectives and Vision of Gridora

Gridora's underlying vision hinges on creating a robust platform for collaboration between the public and private sectors. The initiative recognizes the growing demand for world-class infrastructure in line with Abu Dhabi's evolving economic landscape and its increasing population. With a strategic focus on efficiency and excellence, Gridora is set to facilitate rapid execution in the development and implementation of large-scale infrastructure projects.

The Structure of Gridora

Gridora will operate around two core segments: infrastructure projects and investment initiatives. This dual-structure approach will enable it to leverage the project creation capabilities and asset management expertise of its founding partners. By doing so, Gridora aims to maximize returns while also addressing the essential transformations needed to cultivate infrastructure on multiple scales.

Leadership and Collaboration

Jassem Mohamed Bu Ataba Al Zaabi, president of Modon Holding, remarked that the partnership is pivotal for meeting the burgeoning infrastructure demands of Abu Dhabi. He emphasized that Gridora would emerge as a significant player, not only in local contexts but also in regional and international fronts, pushing boundaries in strategic project implementations.

Mohamed Hassan Alsuwaidi, the Group CEO of ADQ, echoed these sentiments, highlighting that the creation of Gridora symbolizes a commitment towards fostering ambitious projects of strategic importance. With a high emphasis on innovation and efficiency, the partnership is expected to generate additional value for the Emirate while addressing long-term infrastructure needs.

Syed Basar Shueb, managing director of IHC, indicated that Gridora reflects the continuous attention of IHC towards developing future-ready platforms intertwining innovation and strategic collaboration. He pointed out the robust potential in harnessing infrastructure investments to unveil new economic value and engage the private sector effectively.

Accelerating Infrastructure Projects

Bill O'Regan, the CEO of Modon Holding, added that this joint venture aligns with Modon's mission of crafting smart cities characterized by connectivity and intelligent living. By focusing on infrastructure necessities, Gridora aims to speed up the completion of essential projects while broadening the spectrum of specialized private partners.

The establishment of Gridora signifies a step towards harnessing advanced capabilities for steering expertise and capital to key infrastructure projects while capitalizing on Abu Dhabi’s tested framework for transformative developments. In this way, Gridora is not merely about building structures but about creating enduring value and unlocking long-term economic opportunities for its partners.

A Bright Future

As a testament to the successful integration of resources and expertise, Gridora is poised to play a crucial role in advancing the infrastructure landscape of Abu Dhabi and beyond. The collaboration among ADQ, IHC, and Modon marks a significant stride toward achieving projects that are not only ambitious in scale but also sustainable in nature, ushering in a new era for infrastructure development.

By aligning strategic interests and shared goals, Gridora is set to redefine what is possible within the realm of infrastructure, demonstrating a collective commitment to progress and innovation. As developments unfold, the impact of this initiative will surely resonate across various sectors, heralding a transformative phase for the region’s infrastructure ecosystem.