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ADQ Appoints Modon Holding PSC as Master Developer for Ras El Hekma Megaproject

Oct 04, 2024•over 1 year ago

Contract Type

partnership

Financial Services

Description

ADQ has appointed Modon Holding PSC as the master developer for the Ras El Hekma megaproject, which covers 170 million square metres. The project aims to become a fully functional, smart, sustainable, and inclusive urban community and is expected to receive cumulative investments of US$110 billion by 2045.

Company Information

Company

Consortium led by Abu Dhabi state-owned enterprises

About

A group of government-owned companies focusing on various sectors including energy. The consortium is pursuing strategic acquisitions in the global market. This move aligns with their goal to expand their energy portfolio.

Predictive Intelligence
Strategic

ML-powered predictions for Consortium led by Abu Dhabi state-owned enterprises's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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