Gridora: New JV for Large-Scale Developments

Deal News | Apr 17, 2025 | Zawya

Abu Dhabi’s ADQ, International Holding Company (IHC), and Modon Holding have formed a new joint venture called Gridora. This entity will be responsible for expediting large-scale development projects both within the UAE and internationally. Gridora will operate under the auspices of Modon Holding, coordinating with a diverse array of specialist partners and financial institutions. The primary goal of Gridora is to accelerate the execution of major infrastructural projects, enhancing economic development and showcasing Abu Dhabi's ability to leverage capital and expertise for significant international and domestic initiatives.

Sectors

Real Estate Development
Investment
Construction

Geography

United Arab Emirates – The joint venture Gridora will coordinate and deliver major projects in the UAE.
International – Gridora also aims to extend its project delivery services globally, indicating an international focus.

Industry

Real Estate Development – The article discusses the formation of a joint venture aimed at accelerating development projects, which directly pertains to the real estate development sector.
Investment – The involvement of capital providers and the focus on large-scale project financing highlight the investment sector's relevance.
Construction – The focus on fast-tracking major projects indicates significant involvement in the construction industry.

Financials

Participants

Name	Role	Type	Description
ADQ	Founding Partner	Company	Abu Dhabi government-owned holding company investing in sustainable economic development.
International Holding Company (IHC)	Founding Partner	Company	An Abu Dhabi-based holding company with diverse interests in various sectors.
Modon Holding	Operator	Company	A developer of sustainable communities and urban projects in Abu Dhabi.
Gridora	Joint Venture Entity	Company	The new joint venture established to fast-track major development projects.