Abu Dhabi investment firms ADQ, International Holding Company (IHC), and Modon Holding have launched a new joint venture, Gridora, aimed at advancing infrastructure development within the UAE and internationally.
Operating under Modon Holding, Gridora will act as a strategic platform to engage with expert partners and financial institutions.
By drawing on Modon Holding’s strong track record in real estate and infrastructure, the platform is expected to fast-track project execution while simplifying procurement and implementation procedures for vital contracts, thereby boosting delivery efficiency.
Structured around two primary verticals – infrastructure development and infrastructure investment – Gridora reflects the combined strengths of its founding firms in project origination and asset management.
Gridora set to enhance public-private collaboration
The new venture aims to reinforce long-term cooperation between the public and private sectors.
“Abu Dhabi’s economic growth and population expansion require first-class infrastructure,” said Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding. “Gridora will champion infrastructure delivery across local, regional, and global landscapes, leveraging the strengths of ADQ, IHC, and Modon Holding.”
Mohamed Hassan Alsuwaidi, MD and Group CEO of ADQ, noted that Gridora aligns with ADQ’s vision as a long-term investor, stating it will support the delivery of transformational and strategically important projects.
IHC CEO Syed Basar Shueb highlighted the platform’s potential to unlock economic value through infrastructure investments and encourage greater private sector involvement.
Bill O’Regan, CEO of Modon Holding, added that Gridora would contribute to building smart, interconnected cities and offer new revenue streams and sustainable growth opportunities for Modon and its partners.
