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
The global port operator reported 2% lower net profit for 2024 at $1.5 billion on higher finance costs and uncertain outlook due to geopolitical risks and changing global trade landscape.
