Abu Dhabi’s ADQ, IHC and Modon Holding have entered a joint venture to form Gridora, a dedicated infrastructure platform that will actively drive infrastructure development for private and public-private partnerships.
Gridora will operate under Modon Holding and leverage its expertise in infrastructure and real estate development. It will lead to collaboration with specialist partners and capital providers, which will enable the delivery of large-scale, high-impact infrastructure projects.
Gridora to boost projects
With the combined strength in project origination and asset management capabilities of its three founding partners, Gridora will be structured around infrastructure projects and infrastructure investments. The dual-focus model is designed to generate returns, while addressing the transformative shift required to scale infrastructure implementation.
Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, commented: “Abu Dhabi’s thriving economy and growing population demand world-class infrastructure.
“By leveraging the collective expertise and resources of ADQ, IHC and Modon Holding, Gridora will become a local, regional, and international champion for infrastructure development and drive a step change in delivering strategic projects.”
Gridora will create value throughout the infrastructure lifecycle – from early-stage planning through to operations – unlocking new opportunities for both fee-based revenues and long-term investment yields.
Mohamed Hassan Alsuwaidi, Managing Director and Group Chief Executive Officer of ADQ, added: “As a long-term investor with deep exposure across infrastructure investments, the establishment of Gridora exemplifies our commitment to design and enable transformative development for projects of strategic importance.
“Our partnership with world-class institutions, such as Modon and IHC, aims to unlock further value through this platform, and it is a reflection of our growing confidence to drive innovation and efficiency built for long-term impact for the emirate and beyond.”
Syed Basar Shueb, Chief Executive Officer of IHC, said: “Gridora reflects IHC’s continued focus on building future-ready platforms that combine innovation, scale, and strategic collaboration.
“As a long-term investor, we see strong potential in harnessing infrastructure investments to unlock new economic value, deepen private sector participation, and drive infrastructure-led growth across markets. With Modon as part of the IHC Group, this joint venture reinforces our strategy of empowering our dynamic value networks to lead in sectors that are vital to national and regional development.”
Bill O’Regan, Group Chief Executive Officer of Modon Holding, said: “The joint venture reinforces Modon’s mission to create smart cities defined by intelligent and connected living. It provides a targeted solution to meet infrastructure requirements, significantly accelerating the delivery of critical projects while broadening the field of specialist private sector delivery partners.
“Gridora will harness Modon Holding’s pioneering capabilities to channel expertise and capital into key projects. Alongside expediting the delivery of state-of-the-art infrastructure, it will also open new revenue streams and attractive long-term opportunities for Modon Holding and our partners.”
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