Gridora Collaborates with Abu Dhabi on Major Transportation Projects Worth AED 35 Billion

Gridora Partners with Abu Dhabi for Transformative Infrastructure Projects

Recently, Gridora, a new infrastructure platform in the UAE, established through a collaboration between ADQ, IHC, and Modon Holding, inked its inaugural Memorandum of Understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC). This landmark agreement aims to accelerate the timely delivery of vital transport infrastructure projects within the emirate, amounting to a whopping AED 35 billion.

H.E. Jassem Mohamed Bu Ataba Al Zaabi, the Chairman of Gridora, emphasized the significance of this partnership, stating that the collaboration would harness Gridora's extensive expertise and resources to foster world-class infrastructure. This moves the emirate one step closer to achieving its ambitious economic and population growth objectives.

The primary objective of this MoU is to facilitate the development, planning, and execution of strategic infrastructure projects designed to bolster Abu Dhabi's connectivity. The initial phase of this collaboration focuses on setting up a working committee to assess potential opportunities and identify specific pilot projects that Gridora could undertake. ADPIC has identified several robust initiatives it aims to implement, reflecting its mandate to oversee a suite of projects valued at a minimum of AED 35 billion.

His Excellency Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, noted that this strategic alliance with Gridora showcases a shared commitment to enhancing transport infrastructure, which is pivotal for Abu Dhabi's growth as a global city. By leveraging Gridora's skills and resources, the partnership aims to expedite project delivery while maximizing cost-effectiveness and ensuring long-term benefits for communities.

Moreover, Eng. Maysarah Mahmoud Eid, Director General of ADPIC, highlighted the importance of infrastructure in enabling economic growth and fostering long-term sustainability. He reiterated that this MoU positions both entities together to forge a future-ready Abu Dhabi based on strategic visions and adaptable capabilities.

Bill O'Regan, Group CEO of Modon Holding, expressing enthusiasm about the MoU, stated that this partnership opens the door to leverage Gridora's capabilities for delivering essential infrastructure projects aligned with broader economic goals. This collaboration lays the groundwork for world-class city development with advanced infrastructure systems.

Gridora operates under Modon Holding and represents a pivotal approach to infrastructure development, adopting a dual-focus business model that includes 'Infrastructure Projects' and 'Infrastructure Investments.' This holistic strategy allows Gridora to engage throughout the infrastructure lifecycle, ensuring the successful realization of large-scale projects.

In summation, the signing of this MoU between Gridora and ADPIC marks the beginning of a promising journey to transform the transport infrastructure landscape of Abu Dhabi. It is not just about meeting current demands but also aiming for a resilient and sustainable future in alignment with the emirate's long-term vision. As the collaboration unfolds, the anticipation grows regarding the high-impact projects slated for development and their role in shaping the future of transportation and connectivity in the region.

About Gridora

Gridora is a pioneering infrastructure development platform created by ADQ, IHC, and Modon Holding, dedicated to accelerating the delivery of strategic projects across the UAE and beyond. The platform operates under Modon Holding and is structured around two main business lines: Infrastructure Projects and Infrastructure Investments. This approach ensures comprehensive capabilities from inception to operations, fostering public-private collaborations to achieve long-term impacts in the infrastructure domain, both nationally and internationally.

About ADPIC

The Abu Dhabi Projects and Infrastructure Centre, established in 2023, focuses on managing capital projects aimed at improving life quality for residents of Abu Dhabi. ADPIC oversees various essential projects, including housing, infrastructure, and education, and strives to implement them efficiently while ensuring public-private partnerships enhance sustainability and quality.