Abu Dhabi-based investment giants ADQ, International Holding Company (IHC), and Modon Holding have announced the formation of Gridora, a new dedicated infrastructure platform that will drive large-scale development projects across the UAE and beyond. The joint venture, operating under Modon Holding, aims to spearhead the delivery of major infrastructure initiatives through collaboration with specialist partners and capital providers.
Leveraging Modon Holding’s expertise in national, regional, and international real estate and infrastructure development, Gridora is designed to fast-track project deployment and streamline the procurement and execution of key contracts. The new entity will operate across two core business lines – Infrastructure Projects and Infrastructure Investments – reflecting the project origination and asset management capabilities of its founding partners.
By adopting a dual-focus model, Gridora aims not only to generate attractive returns but also to scale infrastructure implementation on a national, regional, and global level. The platform is expected to create value across the full infrastructure lifecycle, from early-stage planning through to operations, while opening up new opportunities for fee-based revenues and long-term investment yields.
Commenting on the new partnership, His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, said: “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.”
His Excellency 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, emphasized the strategic value of the joint venture, stating: “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, highlighted the platform’s alignment with Modon’s mission: “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.”