Abu Dhabi-based global entities ADQ, IHC, and Modon Holding have formed a joint venture to establish a dedicated infrastructure platform to advance infrastructure development through private and public-private partnerships.
Operating under Modon Holding, Gridora will serve as a strategic platform for collaboration with expert partners and capital providers, facilitating the execution of large-scale, high-impact infrastructure projects.
Building on Modon Holding’s extensive expertise in infrastructure and real estate development at the national, regional, and international levels, the new entity will fast-track the delivery of major projects across the UAE and beyond. It will boost deployment capacity while streamlining the procurement and execution of critical 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.
HE Mohamed Hassan Alsuwaidi MD & CEO – ADQ
“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.”
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.
Commenting on the partnership, Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, said that, “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.”
Syed Basar Shueb, Chief Executive Officer of IHC, noted that, “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.”
“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 build on Abu Dhabi’s proven framework for the 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,” commented Bill O’Regan, Group Chief Executive Officer of Modon Holding.
