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Video Archives
September 9, 2024
ADQ to manage Abu Dhabi's toll gates, parking system
Abu Dhabi sovereign wealth fund ADQ has taken over the management, operation and development of the emirate’s road toll system DARB, as well as its parking system Mawaqif
Called Gridora, the new entity operating under Modon Holding will coordinate with specialist partners and capital providers to fast-track the delivery of major projects across the UAE and globally.
The emergence of RPOs in the Gulf in recent years has prompted the establishment of additional or parallel entities in states where funds already existed