Latest news with #ADPIC
Daily News Egypt
31-07-2025
- Business
- Daily News Egypt
Modon Holding posts AED 2.1bn net profit in H1 2025
Modon Holding PSC announced robust results for the first half of 2025, reporting a net profit of AED 2.1bn—an increase of more than fourfold compared to AED 502m in H1 2024 (excluding the AED 9bn one-off gain from last year's merger and other non-core adjustments). The Group's strong performance was underpinned by solid results across its core segments, recent acquisitions, and ongoing strategic investments. Group revenue tripled year-on-year to AED 6.5bn, supported by record real estate sales and the recognition of a deepening development backlog from both new launches and existing inventory. Recurring revenues from the Asset Management, Hospitality, and Events, Catering & Tourism segments also recorded notable improvement, boosted by near-full occupancy rates, operational expansions, and integration synergies from strategic acquisitions. Group EBITDA grew more than fourfold to AED 2.9bn, with margins expanding to 44%, reflecting a stronger portfolio mix and operational efficiencies. Real estate sales reached AED 10bn in H1 2025, driven by the rapid sell-out of two flagship masterplan launches, which sold out within a day—highlighting continued strong market demand. The company's revenue backlog rose to AED 33bn, spanning all business lines. Building on this momentum, Modon secured an AED 5.5bn sell-out of residential plots at its Wadeem community in July, pushing cumulative sales beyond the full-year 2024 total and ensuring a strong start to the second half of 2025. This success further strengthens Modon's development pipeline and reinforces its long-term value creation strategy. Internationally, Modon advanced its strategic expansion with key investments in the United Kingdom and North America, expanding its operational footprint to 13 countries. Domestically, the company launched Gridora, a new infrastructure platform created in partnership with ADQ and IHC. In May, Gridora signed an MoU with Abu Dhabi Projects and Infrastructure Centre (ADPIC) to support delivery of ADPIC's AED 35bn transport infrastructure programme in Abu Dhabi. The Group's performance reflects Modon's balanced approach: combining record-breaking real estate sales and growing recurring income streams with strategic investments to drive sustained growth and create long-term shareholder value.
ME Construction
21-07-2025
- Business
- ME Construction
AUS has signed a MoU with ADPIC to collaborate on new avenues for students
Industry News AUS has signed a MoU with ADPIC to collaborate on new avenues for students By This collaboration directly supports ADPIC's long-term roadmap to advanced infrastructure innovation and aims to develop a skilled national workforce The American University of Sharjah (AUS) has forged a Memorandum of Understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC), a government entity responsible for ensuring the quality, safety, and sustainable delivery of projects in the Emirate of Abu Dhabi. The agreement was signed by Mohamed El-Tarhuni, Interim Vice Chancellor for Academic Affairs and Provost at AUS, and Maysarah Mahmoud Eid, Director General of ADPIC, and paves the way for future collaboration in research, student development, and capital project planning. The partners outlined several broad areas of cooperation between AUS and ADPIC, including joint research, internship opportunities, student career events, and the integration of capital project management topics into selected academic courses at AUS. This collaboration directly supports ADPIC's long-term roadmap to advance infrastructure innovation, and develop a skilled national workforce. Additionally, AUS and ADPIC officials agreed on a draft framework for future information exchange and the development of project-specific agreements. 'We are delighted to be partnering with ADPIC on this important initiative,' said Tod A. Laursen, Chancellor of AUS. 'This partnership creates exciting new avenues for our students to engage with real-world infrastructure challenges, while highlighting AUS' ongoing strong commitment to supporting the UAE's strategic development goals through our academic and research expertise.' Maysarah Mahmoud Eid, Director General of ADPIC explained, 'This MoU with AUS is a strategic imperative for Abu Dhabi's future. Our infrastructure ambitions demand a pipeline of highly skilled, innovative talent, and this partnership directly cultivates that by creating an integrated ecosystem where cutting-edge research meets practical application. By bridging academia with real-world capital projects, we are building physical assets, while investing in intellectual capital that will drive the next generation of urban development across the UAE.' As the entity responsible for overseeing and coordinating all capital projects in the emirate, ADPIC plays a crucial role in shaping Abu Dhabi's infrastructure priorities. This collaboration opens up opportunities for students across various disciplines, including engineering, architecture, business, and public policy. It also reinforces the vital role of higher education in shaping the future of the UAE's infrastructure landscape, the statement noted. The MoU, which will remain in effect for two years, also promotes the inclusion of ADPIC expertise in student seminars and workshops, also exploring future employment and training opportunities for Australian graduates. This agreement represents a significant step forward for both institutions, and facilitates the integration of academic and research expertise with national development priorities.
Sharjah 24
17-07-2025
- Business
- Sharjah 24
AUS and ADPIC sign MoU
Sets the stage for future collaboration in research, student development and capital project planning The agreement, signed in mid-June by Dr Mohamed El-Tarhuni, Interim Vice Chancellor for Academic Affairs and Provost at AUS, and His Excellency Engineer Maysarah Mahmoud Eid, Director General of ADPIC, sets the stage for future collaboration in research, student development and capital project planning. As part of the MoU, which was signed during the Abu Dhabi Infrastructure Summit (ADIS), the partners outline several broad areas of cooperation between AUS and ADPIC, including joint research, internship opportunities, student career events, and the integration of capital project management topics into selected academic courses at AUS. This collaboration directly supports ADPIC's long-term roadmap to advance infrastructure innovation and develop a skilled national workforce. AUS and ADPIC officials also agreed on a draft framework for the future exchange of information and the development of project-specific agreements. This partnership creates exciting new avenues for students to engage with real-world infrastructure challenges 'We are delighted to be partnering with ADPIC on this important initiative,' said Tod A. Laursen, Chancellor of AUS. 'This partnership creates exciting new avenues for our students to engage with real-world infrastructure challenges, while highlighting AUS' ongoing strong commitment to supporting the UAE's strategic development goals through our academic and research expertise.' His Excellency Maysarah Mahmoud Eid, Director General of ADPIC, said: "This MoU with AUS is a strategic imperative for Abu Dhabi's future. Our infrastructure ambitions demand a pipeline of highly skilled, innovative talent, and this partnership directly cultivates that by creating an integrated ecosystem where cutting-edge research meets practical application. By bridging academia with real-world capital projects, we are building physical assets while investing in intellectual capital that will drive the next generation of urban development across the UAE'. As the entity tasked with overseeing and coordinating all capital projects in the Emirate, ADPIC plays a pivotal role in shaping Abu Dhabi's infrastructure priorities, opening up a wealth of opportunities for AUS students across disciplines, from engineering and architecture to business and public policy. The MoU, which will remain in effect for two years, also promotes the inclusion of ADPIC expertise in student seminars and workshops and the exploration of future employment and training opportunities for AUS graduates. The agreement represents a significant step forward for both institutions, facilitating the integration of academic and research expertise with national development priorities. In doing so, it reinforces the vital role of higher education in shaping the future of the UAE's infrastructure landscape.
Zawya
17-07-2025
- Business
- Zawya
AUS and ADPIC sign MoU empowering students to tackle real-world infrastructure challenges
Sharjah, UAE – American University of Sharjah (AUS) has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC), a government entity responsible for overseeing the quality, safety and sustainable delivery of projects in the Emirate of Abu Dhabi. The agreement, signed in mid-June by Dr. Mohamed El-Tarhuni, Interim Vice Chancellor for Academic Affairs and Provost at AUS, and H.E. Engineer Maysarah Mahmoud Eid, Director General of ADPIC, sets the stage for future collaboration in research, student development and capital project planning. As part of the MOU, which was signed during the Abu Dhabi Infrastructure Summit (ADIS), the partners outline several broad areas of cooperation between AUS and ADPIC, including joint research, internship opportunities, student career events, and the integration of capital project management topics into selected academic courses at AUS. This collaboration directly supports ADPIC's long-term roadmap to advance infrastructure innovation and develop a skilled national workforce. AUS and ADPIC officials also agreed on a draft framework for the future exchange of information and the development of project-specific agreements. 'We are delighted to be partnering with ADPIC on this important initiative,' said Tod A. Laursen, Chancellor of AUS. 'This partnership creates exciting new avenues for our students to engage with real-world infrastructure challenges, while highlighting AUS' ongoing strong commitment to supporting the UAE's strategic development goals through our academic and research expertise.' His Excellency Maysarah Mahmoud Eid, Director General of ADPIC, said: "This MoU with AUS is a strategic imperative for Abu Dhabi's future. Our infrastructure ambitions demand a pipeline of highly skilled, innovative talent, and this partnership directly cultivates that by creating an integrated ecosystem where cutting-edge research meets practical application. By bridging academia with real-world capital projects, we are building physical assets while investing in intellectual capital that will drive the next generation of urban development across the UAE'. As the entity tasked with overseeing and coordinating all capital projects in the Emirate, ADPIC plays a pivotal role in shaping Abu Dhabi's infrastructure priorities, opening up a wealth of opportunities for AUS students across disciplines, from engineering and architecture to business and public policy. The MOU, which will remain in effect for two years, also promotes the inclusion of ADPIC expertise in student seminars and workshops and the exploration of future employment and training opportunities for AUS graduates. The agreement represents a significant step forward for both institutions, facilitating the integration of academic and research expertise with national development priorities. In doing so, it reinforces the vital role of higher education in shaping the future of the UAE's infrastructure landscape. About AUS American University of Sharjah (AUS) was founded in 1997 by His Highness Sheikh Dr. Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council of the United Arab Emirates and Ruler of Sharjah. Sheikh Sultan articulated his vision of a distinctive institution against the backdrop of Islamic history and in the context of the aspirations and needs of contemporary society in the UAE and the Gulf region. Firmly grounded in principles of meritocracy and with a strong reputation for academic excellence, AUS has come to represent the very best in teaching and research, accredited internationally and recognized by employers the world over for creating graduates equipped with the knowledge, skills and drive to lead in the 21st century. AUS values learners not driven only by academic success, but by those that embrace our dynamic campus life and embody our ideals of openness, tolerance and respect. This combination of academic excellence and community spirit ensures AUS is filled with world-class faculty and students, poised to become the innovators, thinkers, contributors and leaders of tomorrow.
Zawya
10-07-2025
- Business
- Zawya
Plenary to boost private sector role in Abu Dhabi infrastructure projects
Plenary Group, a leading developer, investor, manager of infrastructure and real assets, has formalised a MoU with Abu Dhabi Projects and Infrastructure Centre to advance private sector engagement in infrastructure projects across the UAE capital. One of the key outcomes of the Abu Dhabi Infrastructure Summit that was hosted by ADPIC in June, the agreement established a collaborative partnership between the two organisations to plan, develop and implement strategic PSEs within the emirate. These efforts are part of a broader push to enable impactful PSE models across Abu Dhabi and are being driven in close collaboration with the Abu Dhabi Investment Office (ADIO), ADPIC's strategic partner in attracting private sector expertise and capital into priority infrastructure projects. ADPIC undertakes the review, supervision and monitoring of capital projects in Abu Dhabi, overseeing implementation and delivery to the highest standards of safety, quality and sustainability. It is currently managing initiatives worth more than $54 billion. "Strengthening private sector engagement is vital to delivering resilient, efficient, and future-ready infrastructure," said Eng. Maysarah Mahmoud Eid, Director General of the ADPIC. "This partnership with Plenary reflects our commitment to fostering high-impact collaboration that unlocks long-term value for Abu Dhabi, while supporting innovation, economic diversification, and world-class project delivery," he stated. Plenary CEO Paul Crowe said this agreement strengthens the strategic relationship with ADPIC and reinforces its mutual commitment to advancing private sector engagements across the emirate. "We look forward to collaborating with ADPIC on Abu Dhabi's strong pipeline of PSE projects," he noted. Plenary has partnered with the UAE government to finance and deliver social infrastructure projects since establishing a presence and winning its first project in 2022. It has been awarded three major infrastructure projects in Abu Dhabi to date – including the Emirate's first school infrastructure public-private partnership, the Zayed City Schools project, it stated. In 2024, ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, acquired 49% of Plenary, marking the first major inbound investment from the UAE into an Australian company following the signing of the Australia-UAE Comprehensive Economic Partnership Agreement and reinforcing bilateral ties between the two nations. As part of the agreement, Plenary and ADQ have established a co-development and investment platform, Plenary Middle East, to pursue public and social infrastructure opportunities in high-growth regions across the Middle East and Central Asia. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's resilient future-ready, built environment.- TradeArabia News Service
