Latest news with #ADQ
Arabian Post
2 days ago
- Business
- Arabian Post
Gridora and ADPIC Partner to Boost Abu Dhabi Transport Infrastructure
Gridora, a new infrastructure platform supported by ADQ, the Investment Holding Company , and Modon Holding, has formalised its first major collaboration by signing a memorandum of understanding with the Abu Dhabi Projects and Infrastructure Centre . This partnership aims to streamline the planning and execution of key transport infrastructure projects within the emirate. The MoU sets a strategic framework for cooperation, enabling Gridora and ADPIC to combine their expertise and resources to enhance project delivery efficiency and accelerate development timelines. Both parties emphasise the importance of advancing Abu Dhabi's infrastructure to meet the growing demands of urban expansion and economic diversification. Gridora's establishment reflects a broader ambition to create integrated platforms that harness the collective capabilities of government-backed investment entities and specialised infrastructure developers. Backed by major stakeholders such as ADQ—one of the region's largest sovereign investment vehicles—and IHC, a prominent diversified group with a significant infrastructure portfolio, Gridora is positioned to become a key player in shaping Abu Dhabi's urban landscape. ADVERTISEMENT ADPIC, tasked with overseeing infrastructure projects and promoting sustainable development across the emirate, will collaborate closely with Gridora to optimise planning processes and ensure alignment with Abu Dhabi's long-term strategic goals. The Centre's role includes fostering innovation in project management and enhancing coordination between public and private sector entities engaged in infrastructure delivery. The agreement outlines cooperation on multiple fronts, including joint feasibility studies, project structuring, regulatory support, and leveraging advanced digital tools to monitor and manage transport infrastructure initiatives. This holistic approach seeks to mitigate risks and improve cost efficiencies by fostering early-stage collaboration and integrated planning. Abu Dhabi continues to prioritise infrastructure development as a critical pillar in its Economic Vision 2030, targeting improvements in connectivity, sustainability, and urban mobility. Transport projects—ranging from roads and bridges to public transit systems—are central to this vision, aimed at supporting population growth and positioning the emirate as a global business and tourism hub. Industry experts note that the formation of partnerships such as the Gridora-ADPIC MoU reflects a growing trend in the Gulf region where infrastructure development increasingly relies on coordinated frameworks that bring together investment powerhouses and specialised government entities. Such arrangements facilitate smoother project cycles, reduce duplication of efforts, and enhance the deployment of capital and technical expertise. Gridora's backing by ADQ and IHC signals significant financial strength and strategic alignment with Abu Dhabi's broader economic diversification policies. Modon Holding's participation further adds operational capability, as the company brings experience in managing large-scale projects and infrastructure assets. ADVERTISEMENT This collaboration is expected to accelerate the pace at which critical transport infrastructure projects move from concept to execution, addressing challenges such as urban congestion and regional connectivity. The synergy between Gridora's investment-led approach and ADPIC's regulatory and planning oversight creates a platform for delivering high-impact infrastructure solutions that adhere to international best practices. The transport sector remains a major focus for infrastructure expansion across the United Arab Emirates, with Abu Dhabi seeking to complement ongoing projects like the expansion of its road networks and enhanced public transit systems. By establishing dedicated platforms and alliances, the emirate aims to ensure projects are delivered on schedule and within budget while promoting sustainability and technological innovation. As part of the agreement, Gridora and ADPIC will explore the integration of smart infrastructure technologies, including data analytics, digital twins, and IoT-enabled systems, to optimise asset performance and maintenance. This aligns with global infrastructure trends that prioritise resilience and adaptability in transport networks. The partnership also underscores Abu Dhabi's commitment to adopting collaborative governance models in infrastructure delivery, which are seen as essential to overcoming the complexities of large-scale urban development projects. By pooling expertise and aligning incentives, stakeholders can better manage risks and deliver projects that meet evolving economic and social needs. Gridora's launch and its engagement with ADPIC come amid increased regional focus on infrastructure as a driver of economic growth and social wellbeing. With growing population density and rising demand for efficient transport solutions, innovative frameworks that bring together public and private sector capabilities are critical. The collaboration between Gridora and ADPIC may serve as a blueprint for future infrastructure initiatives, both within Abu Dhabi and potentially across the broader Gulf Cooperation Council region. By fostering strong institutional partnerships, the emirate is working towards building a more integrated, sustainable, and future-ready transport infrastructure ecosystem. The agreement promises to facilitate a more coordinated approach to project delivery, enhancing transparency and accountability while accelerating timelines. This is particularly important as Abu Dhabi positions itself for significant urban development and seeks to support a diversified economy with robust infrastructure foundations.
Zawya
2 days ago
- Business
- Zawya
Gridora in deal to fast-track delivery of $9.5bln infrastructure projects
UAE - Gridora, the new infrastructure platform established by ADQ, IHC and Modon Holding, has signed its first MoU with Abu Dhabi Projects and Infrastructure Centre (ADPIC) for the delivery of high-impact transport infrastructure projects. The agreement marks a key milestone in Gridora's mission to champion the delivery of strategic infrastructure projects. Through this agreement, Gridora and ADPIC will establish a framework for potential collaboration in relation to supporting the development, planning and implementation of strategic infrastructure projects within the Emirate of 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 Gridora could undertake. These would be considered from several projects ADPIC aims to deliver within the emirate, with the centre having been mandated to implement projects with an estimated value of at least AED35 billion ($9.5 billion). Chairman Jassem Mohamed Bu Ataba Al Zaabi said: "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," he stated. Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, said: "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." ADPIC Director General Eng. Maysarah Mahmoud Eid said: "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," he noted. Modon Holding Group CEO Bill O'Regan said: "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." 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. Al Zaabi said Gridora has adopted a dual-focus business model spanning 'Infrastructure Projects' and 'Infrastructure Investments', enabling it to lead across the full infrastructure lifecycle. This MoU with ADPIC marks the first in a series of planned engagements to advance high-impact public-priority infrastructure, enhance and foster long-term collaboration between the public and private sectors and is a testament to the significant scale of Gridora's business, he added.
Gulf Business
2 days ago
- Business
- Gulf Business
Abu Dhabi: Gridora, ADPIC ink MoU to drive mega infrastructure projects
Image: Supplied Gridora, the newly launched infrastructure platform backed by ADQ, IHC and Modon Holding, has signed its inaugural memorandum of understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) to accelerate the planning and delivery of major transport infrastructure projects across the emirate. The agreement establishes a framework for potential collaboration between Gridora and ADPIC, aimed at supporting the development, planning and implementation of strategic projects. ADPIC has been mandated to implement transport infrastructure projects valued at a minimum of Dhs35bn. Under the MoU, Gridora and ADPIC will form a joint working committee to explore opportunities, pilot initiatives, and identify priority projects for Gridora's engagement. 'Gridora's expertise and resources will deliver world-class infrastructure, empowering the nation's ambitious economic and population growth goals,' said Jassem Mohamed Bu Ataba Al Zaabi, chairman of Gridora. 'Our MoU with ADPIC reflects our shared commitment to accelerate the implementation of critical transport infrastructure, combining innovation, scale and vision.' The MoU marks a milestone for Gridora as it embarks on its mission to deliver high-impact infrastructure and strengthen public-private collaboration. Gridora's business model spans 'Infrastructure Projects' and 'Infrastructure Investments', covering the entire infrastructure lifecycle. The MoU is a milestone for Gridora '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,' said Mohamed Ali Al Shorafa, chairman of the Department of Municipalities and Transport. '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.' Engineer Maysarah Mahmoud Eid, DG of ADPIC, added: '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.' Bill O'Regan, group CEO of Modon Holding, said the agreement will enable Gridora to demonstrate its delivery capabilities and contribute to the growth of world-class infrastructure. 'We look forward to seeing Gridora move forward with purpose, enabling world-class cities with cutting edge infrastructure,' he said. The MoU with ADPIC is the first in a series of planned partnerships aimed at enhancing Abu Dhabi's infrastructure landscape through sustained public-private cooperation.
Trade Arabia
2 days ago
- Business
- Trade Arabia
Gridora in deal to fast-track delivery of $9.5bn infrastructure projects
Gridora, the new infrastructure platform established by ADQ, IHC and Modon Holding, has signed its first MoU with Abu Dhabi Projects and Infrastructure Centre (ADPIC) for the delivery of high-impact transport infrastructure projects. The agreement marks a key milestone in Gridora's mission to champion the delivery of strategic infrastructure projects. Through this agreement, Gridora and ADPIC will establish a framework for potential collaboration in relation to supporting the development, planning and implementation of strategic infrastructure projects within the Emirate of 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 Gridora could undertake. These would be considered from several projects ADPIC aims to deliver within the emirate, with the centre having been mandated to implement projects with an estimated value of at least AED35 billion ($9.5 billion). Chairman Jassem Mohamed Bu Ataba Al Zaabi said: "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," he stated. Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, said: "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." ADPIC Director General Eng. Maysarah Mahmoud Eid said: "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," he noted. Modon Holding Group CEO Bill O'Regan said: "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." 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. Al Zaabi said Gridora has adopted a dual-focus business model spanning 'Infrastructure Projects' and 'Infrastructure Investments', enabling it to lead across the full infrastructure lifecycle.
Arabian Business
2 days ago
- Business
- Arabian Business
Gridora to develop $9.6bn Abu Dhabi infrastructure projects
A new infrastructure platform in Abu Dhabi is set to develop transport infrastructure projects worth more than $9.6bn. Gridora, the new infrastructure platform established by ADQ, IHC and Modon Holding, has signed its first Memorandum of Understanding (MoU) with Abu Dhabi Projects and Infrastructure Centre (ADPIC) for the delivery of high-impact transport infrastructure projects. The agreement marks a key milestone in Gridora's mission to champion the delivery of strategic infrastructure projects. Gridora Abu Dhabi infrastructure projects Through this agreement, Gridora and ADPIC will establish a framework for potential collaboration in relation to supporting the development, planning and implementation of strategic 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 Gridora could undertake. These would be considered from several projects ADPIC aims to deliver within the emirate, with the centre having been mandated to implement projects with an estimated value of at least AED35bn ($9.6bn). Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Gridora, said: '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, said: '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.' Maysarah Mahmoud Eid, Director-General of ADPIC, said: '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, said: '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.' 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. Gridora has adopted a dual-focus business model spanning 'Infrastructure Projects' and 'Infrastructure Investments', enabling it to lead across the full infrastructure lifecycle. This MoU with ADPIC marks the first in a series of planned engagements to advance high-impact public-priority infrastructure, enhance and foster long-term collaboration between the public and private sectors and is a testament to the significant scale of Gridora's business.
