ADQ, IHC, and Modon Holding launch infrastructure platform Gridora

GlobalData

Mon, Apr 21, 2025, 8:01 AM 2 min read

Abu Dhabi-based entities ADQ, IHC, and Modon Holding have established a joint venture, creating Gridora, a dedicated platform aimed at advancing infrastructure projects through private and public-private partnerships globally.

Operating under the umbrella of Modon Holding, Gridora will act as a strategic platform for collaboration with specialist partners and capital providers, facilitating the execution of “large-scale” infrastructure projects.

The new entity will utilise Modon Holding's capabilities in infrastructure and real estate development to expedite the delivery of major projects within the UAE and on an international scale.

Gridora's structure will encompass two synergistic business lines: Infrastructure Projects and Infrastructure Investments. These lines reflect the project origination and asset management expertise of the founding partners.

This approach is intended to yield financial returns while addressing the need to scale up infrastructure implementation at national, regional, and international levels.

The platform's dual-focus model is claimed to be strategically designed to generate returns and meet the increasing demand for infrastructure development.

Gridora aims to add value throughout the infrastructure lifecycle, from initial planning stages to operational phases, thereby opening avenues for both fee-based revenues and long-term investment yields.

Modon Holding group chief executive officer Bill O'Regan said: “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.”

IHC chief executive officer Syed Basar Shueb added: “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.”