Abu Dhabi-based investment entities ADQ, International Holding Company (IHC) and Modon Holding have formed a joint venture to support private and public-private partnerships in delivering infrastructure developments.

The new venture, called Gridora, will be operated by Modon Holding.

According to an official statement, "Gridora will serve as a platform for collaboration with specialist partners and capital providers, enabling the delivery of large-scale, high-impact infrastructure projects."

The statement added that the platform will leverage Modon Holding’s infrastructure and real estate development expertise to deliver major projects, both in the UAE and globally.

"It will enhance capacity for deployment, streamlining the procurement and implementation of key infrastructure contracts," it added.

Gridora will have two business lines: infrastructure projects and infrastructure investments.

It aims to create value throughout the infrastructure life cycle, from early-stage planning to operations, unlocking new opportunities for both fee-based revenues and long-term investment yields.

Abu Dhabi is investing heavily in the infrastructure sector. In February, ADQ completed the acquisition of a 49% stake in Australian infrastructure investor and developer Plenary Group.

The Abu Dhabi-based critical infrastructure-focused sovereign investor announced the planned acquisition in April last year,including all shares owned at the time by the Canadian pension fund Caisse de Depot et Placement du Quebec.