ADQ, IHC, Modon establish new infrastructure platform 'Gridora'

Abu Dhabi-based global entities ADQ, IHC and Modon Holding have entered into a joint venture (JV) to form a dedicated infrastructure platform that will actively drive infrastructure development for private and public-private partnerships.

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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 dualfocus model is designed to generate returns, while addressing the transformative shift required to scale infrastructure implementation nationally, regionally and internationally.