ADQ, IHC and Modon Holding of Abu Dhabi have entered a joint company to form gross, a dedicated infrastructure platform that will act acting in infrastructure development for private and private associations.
Gridora will operate under Modon Holding and take advantage of his experience in infrastructure and real estate development. It will lead to collaboration with specialized partners and capital suppliers, which will allow delivery or high -scale high impact infrastructure projects.
Grid to boost projects
With the combined strength in the capabilities of the project and asset management of its three founding partners, the grid will be structured around infrastructure projects and infrastructure investments. The double approach model is designed to generate returns, while adding the transformative change required to climb the implementation of the infrastructure.
Jassem Mohamed Bu tied the Zaabi, president of Modon Holding, commented: “The prosperous economy of Abu Dhabi and the growing population demand world class infrastructure.
“When carrying out the collective experience and resources of ADQ, IHC and Modon Holding, Gridora will become a local, regional and international champion for the development of infrastructure and will promote a change of step in the delivery of strategic projects.”
Gridora will create value through the infrastructure life cycle, from the planning of the initial stage to operations, which does not accumulate new opportunities for revenues based and long -term investment yields.
Mohamed Hassan Alsuwaidi, managing director and executive director of the ADQ group, added: “As a long -term investor with deep exhibition through infrastructure investments, the establishment of Gridora exemplifies our comfort and table.
“Our association with world -class institutions, such as Modon and IHC, aims to unlock greater value through this platform, and is a reflection of our growing confidence to boost innovation and efficiency constructed in the long term.”
Syed Basar Shueb, executive director of IHC, said: “Gridora reflects the continuous approach of IHC in building platforms ready for the future that combine innovation, scale and strategic collaboration.
“As a long -term investor, we see a strong potential to take advantage of infrastructure investments to unlock a new economic value, deepen private sector participation and boost infrastructure growth in all markets. With Modon as part of the ChC group, these real jurian networks to lead in sectors that are vital for national and regional development.”
Bill O’Rgan, Executive Director of the Modon Holding Group, said: “The joint company reinforces Modon’s mission to create smart cities defined by an intelligent and connected life. It provides a tarantada solution to comply with infrastructure projects, while delivering specialized partners of the private sector delivery specialists.
“Gridora will take advantage of Modon Holding’s pioneer capabilities to channel experience and capital in key projects. Together with the acceleration of avant -garde infrastructure delivery, it also opens new sources of income and attractive long -term attractive.”
