Abu Dhabi - Mubasher: Gridora, the new infrastructure platform established by ADQ, International Holding Company (IHC), and Modon Holding, has penned its first deal with Abu Dhabi Projects and Infrastructure Centre (ADPIC).
Under the memorandum of understanding (MoU), Gridora and ADPIC will join forces and develop high-impact transport infrastructure projects valued at AED 35 billion, according to a press release.
The agreement aligns with Gridora’s mission to lead the delivery of strategic infrastructure projects.
The two entities will collaborate to develop, plan, and implement strategic infrastructure projects within the Emirate of Abu Dhabi.
Jassem Mohamed bu Ataba Al Zaabi, Chairman of Gridora, said: “Our MoU with ADPIC reflects our shared commitment to accelerate the implementation of critical transport infrastructure, combining innovation, scale and vision.”
He added: “The delivery of these high-impact infrastructure projects will be transformative to Abu Dhabi, and we look forward to working closely as a trusted infrastructure partner to ADPIC.”
Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, commented: "By leveraging Gridora’s capabilities, this collaboration aims to accelerate project delivery, improve cost efficiency, and deliver long-term value for Abu Dhabi and its communities."
Bill O'Regan, Group CEO of Modon Holding, mentioned: “With this MoU, we can unlock Gridora’s capability to deliver critical infrastructure, ensuring the long-term growth of the recently announced infrastructure platform.”
Operating under Modon Holding and established in partnership with ADQ and IHC, Gridora serves as a strategic platform for collaboration with specialist partners and capital providers, enabling the delivery of large-scale, high-impact infrastructure projects.
