Gridora signs MoU with ADPIC to collaborate on infrastructure projects
Infrastructure Gridora signs MoU with ADPIC to collaborate on infrastructure projects
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The MoU with ADPIC signifies the commencement of a series of planned engagements aimed at advancing high-impact public-priority infrastructure
Gridora has secured its inaugural Memorandum of Understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC). The agreement signifies a pivotal moment in Gridora's mission to deliver strategic infrastructure projects. Through this agreement, Gridora and ADPIC will establish a framework for collaboration in supporting the development, planning, and implementation of infrastructure projects within Abu Dhabi.
The initial focus of the MoU will be to establish a working committee to explore potential opportunities and identify pilot projects, activities, and initiatives that Gridora can undertake. These would be considered in light of the several projects ADPIC aims to deliver within the emirate, with the centre being mandated to implement projects with an estimated value of at least US $9.53bn.
Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Gridora added, 'Gridora's expertise and resources will deliver world-class infrastructure, empowering the nation's ambitious economic and population growth goals. Our MoU with ADPIC reflects our shared commitment to accelerate the implementation of critical transport infrastructure, combining innovation, scale and vision. 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, 'This strategic partnership between ADPIC and Gridora underscores a shared focus on creating transport infrastructure that enhances Abu Dhabi's continued growth as a global city. 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.'
Eng. Maysarah Mahmoud Eid, Director General of ADPIC added, 'At ADPIC, we see infrastructure as a powerful enabler of opportunity, economic growth, and long-term sustainability. This MoU with Gridora advances our shared commitment to accelerate the delivery of high-impact projects that enhance connectivity and quality of life across the emirate. By combining our strategic vision with Gridora's delivery capabilities we are shaping a future-ready emirate that aligns with Abu Dhabi's strategic vision and long-term goals.'
Bill O'Regan, Group CEO of Modon Holding commented, 'With this MoU, we can unlock Gridora's capability to deliver critical infrastructure, ensuring the long-term growth of the recently announced infrastructure platform. We look forward to seeing Gridora move forward with purpose, enabling world-class cities with cutting edge infrastructure.'
Gridora, a platform for collaboration with specialist partners and capital providers, operates under Modon Holding. Established in partnership with ADQ and IHC, Gridora enables the delivery of large-scale, high-impact infrastructure projects. Gridora has adopted a dual-focus business model spanning 'Infrastructure Projects' and 'Infrastructure Investments', allowing it to lead across the full infrastructure lifecycle, a statement explained.
The Memorandum of Understanding (MoU) with ADPIC signifies the commencement of a series of planned engagements aimed at advancing high-impact public-priority infrastructure. It also serves as a testament to the substantial scale of Gridora's business, as it fosters long-term collaboration between the public and private sectors.
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