ADQ, IHC and Modon form new infrastructure platform ‘Gridora’ to accelerate the development of strategic projects

- The new entity, ‘Gridora’, will be a joint venture operating under Modon Holding
-
Gridora will collaborate with specialist partners and
capital providers to advance the delivery of strategic
infrastructure projects nationally, regionally and
internationally
- The platform is strategically positioned to enhance and foster long-term collaboration between the public and private sectors
Abu Dhabi, UAE – 16 April 2025:
Leading Abu Dhabi-based global entities ADQ, IHC and Modon
Holding have entered into a joint venture to form a
dedicated infrastructure platform that will actively drive
infrastructure development for private and public-private
partnerships. Operating under Modon Holding, Gridora will
serve as a strategic platform for collaboration with
specialist partners and capital providers, enabling the
delivery of large-scale, high-impact infrastructure
projects.
Leveraging Modon Holding’s national,
regional and international infrastructure and real estate
development expertise, the new entity will accelerate the
delivery of major projects across the UAE and globally. It
will enhance capacity for deployment, streamlining the
procurement and implementation of key infrastructure
contracts.
Gridora will be structured around two
complementary business lines, Infrastructure Projects and
Infrastructure Investments, which reflect the project
origination and asset management capabilities of its
founding partners. This dual-focus model is designed to
generate returns, while addressing the transformative shift
required to scale infrastructure implementation nationally,
regionally and internationally.
By assuming a
leadership role in critical delivery processes, 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. With the combined strength of its three
founding partners, Gridora is strategically positioned to
foster long-term collaboration between the public and
private sectors.
“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.”
H.E. Jassem Mohamed Bu Ataba Al Zaabi
Chairman of Modon Holding
“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.”
H. E. Mohamed Hassan Alsuwaidi
Managing Director and Group CEO of ADQ
“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.”
Syed Basar Shueb
CEO of IHC
“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 and builds on Abu Dhabi’s proven framework for development of transformative infrastructure. 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.”Go back to Press Releases
Bill O'Regan
Group CEO of Modon Holding
Redefining investment leadership globally, leveraging innovation and sustainability to create dynamic value networks.