#Abu Dhabi #UAE #Modon Holding #Abu Dhabi Infrastructure #Gridora

Introduction

In a significant move to bolster infrastructure development, leading Abu Dhabi-based firms ADQ, IHC, and Modon Holding have established a new joint venture named 'Gridora.' This innovative platform is set to accelerate the delivery of critical infrastructure projects both in the UAE and on an international scale.

The Formation of Gridora

Gridora operates under the umbrella of Modon Holding, indicating a robust collaborative effort among the three powerful entities. The joint venture will engage with specialized partners and capital providers to bring forth high-impact infrastructure initiatives that serve both public and private sectors. This strategic platform aims not only for infrastructural growth but also for strengthening cooperative ties between governmental and private sectors, ensuring long-term sustainability and collaboration.

Accelerating Infrastructure Development

By harnessing the extensive expertise of Modon Holding in real estate and infrastructure development, Gridora is positioned to streamline processes that enhance project delivery. The platform will tackle major infrastructural needs by enhancing capabilities around procurement and implementation—making complex projects more manageable and accessible.

Business Lines

Gridora will operate through two main business lines: Infrastructure Projects and Infrastructure Investments. This dual approach leverages the project origination strengths and asset management capabilities of its founding partners. By doing so, it not only aims at generating returns from investments but also plans to address the pressing need for scale in infrastructure implementation across various regions.

Creating Value Across the Lifecycle

One of the key differentiators of Gridora is its focus on assuming leadership in infrastructure delivery processes. This means ensuring the creation of value throughout the entire lifecycle of infrastructure projects—from the initial planning stages to operations and maintenance. Such an approach is expected to unlock new revenue streams while also focusing on long-term investment returns.

A Statement from Leadership

Expressing optimism about this partnership, His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, described the venture as crucial. He noted, "Abu Dhabi's thriving economy necessitates world-class infrastructure. Gridora aims to become a pivotal force for infrastructure development both locally and globally."

His Excellency Mohamed Hassan Alsuwaidi, Managing Director and Group CEO of ADQ, highlighted the partnership's strategic importance, stating, “Our collaboration aims to drive innovation and create long-term impacts through this transformative platform.”

Syed Basar Shueb, CEO of IHC, emphasized the potential this joint venture brings in enhancing infrastructure investments and fostering private-sector involvement in economic growth.

Modon's Role in Innovation

Bill O'Regan, CEO of Modon Holding, shed light on the innovative aspect of this joint venture. He stated that Gridora will be instrumental in establishing smart cities characterized by intelligent and interconnected living. This aligns with Modon’s mission to create groundbreaking spaces that meet evolving infrastructure needs swiftly and effectively.

Conclusion

With the formation of Gridora, ADQ, IHC, and Modon are setting a new standard for strategic infrastructure projects. The collaboration encapsulates a forward-thinking approach that addresses current and future infrastructure needs while ensuring sustainable development practices are met. As they embark on this ambitious project, stakeholders and communities can look forward to transformative changes in the infrastructure landscape, one that encourages economic growth and elevates living standards.

This partnership not only represents a significant investment in the region’s infrastructure capabilities but also illustrates the UAE’s commitment to innovation and improvement in public services, making it a true leader in the global infrastructure space.