ADQ, IHC, and Modon Holding form Gridora infrastructure platform to accelerate global projects

From Yahoo Finance: 2025-04-21 11:01:00

Abu Dhabi-based entities ADQ, IHC, and Modon Holding have formed Gridora, a joint venture focused on advancing infrastructure projects globally through partnerships. Gridora, operating under Modon Holding, will accelerate project delivery in the UAE and internationally. The platform aims to generate financial returns while meeting infrastructure demands at various levels.

Gridora will have two key business lines: Infrastructure Projects and Infrastructure Investments. This structure aims to drive returns and address the growing need for infrastructure development. The platform plans to add value across the infrastructure lifecycle, creating revenue streams and long-term investment opportunities.

Modon Holding CEO Bill O’Regan stated that Gridora aligns with the mission to develop smart cities and expedite critical projects. IHC CEO Syed Basar Shueb emphasized the platform’s potential to drive economic growth and deepen private sector involvement. Gridora was appointed by ADQ as the master developer for Egypt’s Ras El Hekma megaproject in October 2024.



Read more at Yahoo Finance: ADQ, IHC, and Modon Holding launch infrastructure platform Gridora