Latest news with #ModonHolding
Gulf Today
4 days ago
- Business
- Gulf Today
Modon sells out 'Wadeem' on Hudayriyat Island for Dhs5.5 billion
Modon has announced the complete sell-out of Wadeem on Hudayriyat Island within 72 hours of launch, generating sales of Dhs5.5 billion. The sales place Wadeem as 2025's highest-valued real estate release in Abu Dhabi to date. Bill O'Regan, Group CEO of Modon Holding, said, 'As demand for high-quality real estate in prime locations grows, Modon continues to strengthen its position as a trusted name in shaping vibrant, people-centric destinations. The strong interest in Wadeem is testament to individual and investor confidence in our capabilities in delivering exceptional residential communities.' Ibrahim Al Maghribi, CEO of Modon Real Estate, said, 'The response to Wadeem and the value of sales generated are an outstanding achievement, representing a significant milestone in realising Modon's vision for Hudayriyat Island. The launch reinforces Hudayriyat's position among Abu Dhabi's most desirable residential destinations, offering unparalleled quality, lifestyle, and diversity of choice for future residents.' WAM
Al Etihad
4 days ago
- Business
- Al Etihad
Modon sells out Wadeem plots on Hudayriyat Island in 72 Hours
4 July 2025 11:44 ABU DHABI (ALETIHAD)Modon has announced the complete sell-out of Wadeem, the first residential land plots on Hudayriyat Island, within just 72 hours of launch, generating sales of Dh5.5 billion. 'The strong performance makes Wadeem the highest-valued real estate release in Abu Dhabi so far this year,' a statement from Modon said. Located opposite the prestigious Al Bateen area, Wadeem is the first residential land offering on Hudayriyat Island. The swift sell-out underscores rising investor confidence in the capital's real estate sector.'As demand for high-quality real estate in prime locations grows, Modon continues to strengthen its position as a trusted name in shaping vibrant, people-centric destinations,' said Bill O'Regan, Group CEO of Modon Holding. 'The strong interest in Wadeem is testament to individual and investor confidence in our capabilities in delivering exceptional residential communities.'Ibrahim Al Maghribi, CEO of Modon Real Estate, added: 'The response to Wadeem and the value of sales generated are an outstanding achievement, representing a significant milestone in realising Modon's vision for Hudayriyat Island. The launch reinforces Hudayriyat's position among Abu Dhabi's most desirable residential destinations.'Wadeem offers buyers the opportunity to design and build customised four- to six-bedroom villas, with space for swimming pools, outdoor entertainment areas, and sweeping views of Abu Dhabi's skyline. 'Homes in the community – just a stone's throw from Hudayriyat Island's idyllic coastline – will each offer owners the chance to enjoy stunning views of Abu Dhabi's impressive skyline, as well as easy access to the island's many pristine beaches and the azure waters of the Gulf,' the statement said. The plots are set within a masterplanned community connected by green walkways and cycling paths, and will feature a central park, shopping outlets, a private school, a mosque, and recreational amenities including jogging tracks, sports courts, and yoga zones. Modon is a listed company on the Abu Dhabi Securities Exchange (ADX) with a market capitalisation of Dh57.05 billion. Abu Dhabi Developmental Company (ADQ) and International Holding Company (IHC) are among its main shareholders.
Al Etihad
7 days ago
- Business
- Al Etihad
Modon offers residential plots on Hudayriyat Island
1 July 2025 10:36 ABU DHABI (ALETIHAD) Modon has announced the launch of Wadeem, its first residential plots development on Hudayriyat Island, offering buyers an opportunity to design and build their own homes in one of Abu Dhabi's 'most desirable emerging locations'.Located opposite the upscale Al Bateen area, Wadeem is the first major land sale near Abu Dhabi's prime districts in over 15 years. The development features more than 1,700 plots, each suitable for four- to six-bedroom villas with ample space for private pools, outdoor dining, and entertainment areas, a statement from the company said.'The plots – just a stone's throw from Hudayriyat Island's idyllic coastline – will offer owners the chance to enjoy the stunning views of Abu Dhabi's impressive skyline, as well as easy access to the island's many pristine beaches and the azure waters of the Gulf,' the statement the heart of the community will be a central park, a shopping centre, a mosque, and a private school. Wadeem will be a walkable neighbourhood with cycling tracks and green landscapes, supporting active lifestyles and wellbeing.'Wadeem represents another milestone in our future vision for Hudayriyat Island,' said Bill O'Regan, Group CEO at Modon Holding. 'It combines thoughtfully planned amenities with a unique degree of flexibility for homeowners to craft their own spaces.'Ibrahim Al Maghribi, CEO of Modon Real Estate, added: 'With Wadeem, we are unlocking a high-potential opportunity to invest in one of Abu Dhabi's most sought-after locations, while giving buyers the chance to realise their dream home by the sea.'Residents will benefit from easy access to Hudayriyat Island's many sports, leisure and hospitality attractions, including Nawayef Park, Surf Abu Dhabi, Velodrome Abu Dhabi, Marsana Beach, and the upcoming largest urban park in the at Wadeem are open to all nationalities. Interested buyers can visit its website to register interest, the statement said. Modon is a listed company on Abu Dhabi Securities Exchange (ADX) with a market capitalisation of Dh56.88 billion. Abu Dhabi Developmental Company (ADQ) and International Holding Company (IHC) are among its main shareholders. Source: Aletihad - Abu Dhabi
Zawya
19-06-2025
- Business
- Zawya
Egypt's Elsewedy Electric to supply power solutions for first resort in Ras El Hekma
Elsewedy Electric announced on Thursday that it has been selected by Abu Dhabi-based developer Modon Holding to provide power infrastructure for the first resort in Ras El Hekma mega project. The ADX-listed Modon Holding was appointed as the master developer for Ras El Hekma by ADQ Holding in October 2024. Elsewedy Electric, listed on the EGX, said in a statement that it will supply advanced dry-type transformers and install high-performance Busway systems as part of the resort's energy infrastructure. The resort is currently under construction and forms part of a broader investment strategy to transform Ras El Hekma into a high-end coastal destination, the statement noted. In addition to being master developer for Ras Al Hekma's 170 million square metres (sqm) area, Modon Holding is also the developer for the first phase of the city consisting of 50 million sqm. (Writing by Eman Hamed; Editing by Anoop Menon) (
Korea Herald
29-05-2025
- Business
- Korea Herald
Gridora signs inaugural MoU with Abu Dhabi Projects and Infrastructure Centre to accelerate delivery of transport infrastructure projects worth AED 35 billion
ABU DHABI, UAE, May 29, 2025 /PRNewswire/ -- 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. 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 AED 35 billion. His Excellency 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." His Excellency Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, commented: "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." His Excellency Eng. 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. Gridora is a private-sector infrastructure development platform established by ADQ, IHC and Modon Holding to accelerate the delivery of strategic projects across the UAE and beyond. Operating under Modon Holding, Gridora is structured around two core business lines – Infrastructure Projects and Infrastructure Investments – providing end-to-end capabilities from planning through to operations. The platform serves as a catalyst for public-private collaboration, combining the strategic capital, technical expertise and execution scale required to drive long-term impact in the infrastructure sector nationally, regionally and internationally. About ADPIC Established in 2023, ADPIC's vision is to oversee and manage capital projects aimed at enhancing the quality of life for every resident in the Emirate of Abu Dhabi. This involves diverse projects such as housing, infrastructure, tourism, community facilities, and education. ADPIC's mandate includes managing contracts, reviewing, approving, planning, and designing capital projects. These are overseen by the Centre in close collaboration with relevant entities and stakeholders to ensure quality is maintained while also facilitating efficient project execution in alignment with Abu Dhabi's strategic goals. Throughout its operations, the Centre is committed to strengthening public-private partnerships and adopting global best practices in sustainability.
