Abu Dhabi .. A strategic alliance to launch a company "Gridora" Specialized in promoting major infrastructure projects
Abu Dhabi, April 16 / WAM / “ADQ”, “International Holding Company” and “Modan Holding” announced the establishment of a joint venture to launch a new company to develop infrastructure projects and promoting partnership between the public and private sectors. The company, named “Gridora”, will work under the umbrella of “Modon Holding”, and it will serve as a strategic initiative that is concerned with enhancing cooperation with partners to develop major infrastructure projects of a transformative nature and a concrete economic impact, within the framework of supporting sustainable growth plans and enhancing the attractiveness of the investment environment in the Emirate of Abu Dhabi.
“Geredura” will benefit from the expertise of “cities Holding” in implementing real estate development and infrastructure projects at the local, regional and international levels, in a way that contributes to accelerating the pace of the completion of major projects in the UAE and at the international level. The company will also play a pivotal role in simplifying and organizing contracting and implementation procedures related to major infrastructure projects.
“Geredura” will focus on two main axes: infrastructure projects and infrastructure investments. This trend aims to make the most of the capabilities and capabilities of founding partners in the areas of project implementation and asset management, in a way that contributes to achieving sustainable returns and establishes the culture of institutional cooperation locally, regional and internationally, within a supportive and stimulating work environment for joint growth.
“Geredura” will play a pivotal role in managing the development and implementation of major projects, to contribute a fundamental role in enhancing added value throughout the stages, starting with planning and reaching launch and operation.
This approach provides promising opportunities to achieve revenues from fees and services, as well as achieving sustainable investment returns in the long run.
Thanks to the integration of experiences and the concerted capabilities between the founding partners, “Gredura” has strategic ingredients that enable it to contribute effectively to the consolidation of long -term cooperation frameworks between the public and private sectors.
His Excellency Jassim Mohamed Bou hero Al -Zaabi, Chairman of the Board of Directors of the “Modan Holding Group”, said: The establishment of “Geredura” is a strategic response to the accelerated economic and population growth witnessed by Abu Dhabi, and the increasing demand for advanced infrastructure projects and by taking advantage of specialized experiences and integrated resources for both “ADQ” and “ADQ” and “The International Holding Company And “Cities Holding”, “Gredura” will play a pivotal role as a leading company at the local, regional and international levels in the field of developing infrastructure projects, and will contribute to a qualitative shift in the mechanisms of implementing strategic projects, and enhancing the ambitious development vision of the Emirate of Abu Dhabi in this field.
His Excellency Mohamed Hassan Al -Suwaidi, Managing Director and CEO of the “Holding Group” (ADQ) said: “As a long -term investor who has extensive experience in investments in infrastructure, the establishment of” Geredura “reflects our commitment to support and enable the development development of projects of strategic importance and aims our partnerships with global level institutions, such as cities and the global company Holding, to exploit this The company to achieve added value, which is a reflection of our growing trust in enhancing innovation and efficiency in a way that contributes to achieving a long -term impact of the emirate and abroad.
Sayed Bosfa Shuaib, CEO of the International Holding Company, said that the establishment of “Geredura” is an extension of the strategy of the International Holding Company in developing integrated platforms that look forward to the future, combine innovation and the expansion of the long -term operations and partnerships and we believe that investing in infrastructure carries great potential to launch a new economic value, enhance the role of the private sector in development, and accelerate the pace of growth based on structure projects Infrastructure in local and international markets and this joint project comes in conjunction with the joining of “cities” to the company’s portfolio, to enhance our efforts aimed at enabling our value networks to lead transformations in the vital priority sectors for national and regional development.
In turn, Bill Organ, CEO of the “Cities Holding Group” said that “Greedura” embodies the vision of “Modan Holding” aimed at establishing modern smart societies that rise to the highest global levels, and contributes to providing specialized solutions to meet the infrastructure requirements by accelerating the implementation of projects and attracting the best specialized partners from the private sector and the new company will benefit from the exceptional capabilities that it enjoys “Cities” in the field of employing expertise and financial resources towards strategic projects, based on a successful framework for the development of manufacturing infrastructure projects established by the Emirate of Abu Dhabi. We are confident that this step will pave the way for the implementation of the best infrastructure projects, in addition to providing new sources of income and long -term opportunities for “cities Holding” and its partners alike.
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