Press releases, Reports & Disclosures for Q Holding PSC

Modon Holding P.S.C. has announced a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Egypt, particularly in Ras El Hekma. The memorandum of understanding aims to enhance cooperation in sectors such as infrastructure, energy, and water and wastewater treatment. His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated that the agreement marks a significant step in their expansion into Egypt and highlights their commitment to promoting partnership opportunities. Both companies will focus on developing resilient and sustainable utilities and infrastructure, including power, water treatment, and telecommunications, to ensure long-term operational success.

Modon Holding P.S.C. has entered into a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Egypt, specifically in Ras El Hekma. The memorandum of understanding aims to enhance cooperation in various sectors, including infrastructure, energy, water and wastewater treatment, and special buildings. The partnership seeks to promote opportunities for the Ras El Hekma project, supporting Modon Holding's growth and diversification in Egypt. Both companies will explore utilities and infrastructure collaboration, focusing on delivering sustainable power, water treatment, and telecommunications infrastructure for long-term success.

Modon Holding has announced the launch of luxury residences on the east hill at Nawayef, located on Hudayriyat Island in Abu Dhabi. This development, built on a 60-meter manmade hill, includes three collections of high-end villas and mansions offering panoramic views of the Abu Dhabi skyline and waterfront. The project supports Abu Dhabi's strategic vision for urban expansion and aims to enhance the city's global appeal. Inspired by Newport Hills in California, the east hill at Nawayef integrates tourism, leisure, sport, and urban living. It features properties ranging from 370 to 3,800 square meters, including Mansions, Heights, and Homes, each designed to maximize views and provide a luxurious living experience. Bill O’Regan, Group CEO of Modon Holding, emphasized the project's commitment to innovation and excellence in real estate development.

Modon Holding P.S.C has announced that the first phase of its new freehold development, Maysan, on Reem Island in Abu Dhabi, sold out within hours of its launch. This phase includes two districts, Mayar and Thoraya. Mayar introduces stacked maisonettes to Abu Dhabi, while Thoraya addresses the demand for townhouses. The project, open to buyers of all nationalities, covers over 600,000 square meters and is designed with boutique-style living in mind. It features 132 stacked maisonettes and 185 townhouses, highlighting strong investor confidence in Modon's quality offerings. Maysan aims to create a vibrant community with curated lifestyle amenities and will eventually include six residential districts with homes ranging from three to five bedrooms. The development promotes wellness and healthy living, with features like a walkable green spine, community center, and beach and park access. The development targets a diverse range of consumers, including families, professionals, investors, and expats.

Modon Holding P.S.C. announced the complete sell-out of phase one of its new freehold residential development, Maysan, on Reem Island, Abu Dhabi, on the same day of its launch. The first phase includes two districts, Mayar and Thoraya, featuring 132 stacked maisonettes and 185 townhouses. The project is open to buyers of all nationalities and spans over 600,000 square meters, designed with a boutique-style inside/outside living concept. The strong demand for these properties reflects investor confidence in Modon's quality projects. Maysan aims to create vibrant communities and address gaps in the property market, offering diverse lifestyle amenities, a community center, and access to beaches and parks. Once completed, Maysan will consist of six residential districts with homes ranging from three to five bedrooms. Mayar will introduce maisonettes to Abu Dhabi, and Thoraya will offer townhouses with communal gardens and recreational facilities. Interested investors can register for future phases through Modon's website or contact them directly.

Modon Holding PSC announced that its subsidiary, ADNEC Group, has acquired the Business Design Centre (BDC) in London through its 100% owned subsidiary, ExCel London. This acquisition is part of ExCel's investment in the UK's MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, securing a long-term commitment to a historic venue. BDC, originally the Royal Agricultural Hall, hosts numerous events and is known for its extensive event and conference space. The acquisition highlights Modon Holding and ADNEC Group's dedication to the global events industry, enhancing their presence and diversifying their portfolio. Since acquiring ExCel in 2008, ADNEC has expanded its operations and established ExCel as a major European conference and exhibition venue. The acquisition aligns with Modon Holding's strategy to create shareholder value and expand globally, while supporting Abu Dhabi's economic diversification.

Modon Holding has announced a partnership with LuLu Retail to develop and operate hypermarkets and other retail facilities in the UAE and Egypt. This collaboration will utilize Modon Holding's expertise in large-scale project development and LuLu's retail operations to create community retail spaces, including hypermarkets and supermarkets. The partnership will also explore potential locations for retail development, implement smart retail solutions, and enhance customer experiences with innovative technologies. A memorandum of understanding formalizes this partnership, which is part of Modon Holding's growth strategy targeting high-potential sectors. A working committee with representatives from both companies will ensure effective collaboration and decision-making. LuLu Retail, headquartered in Abu Dhabi, is a leading retail chain with a presence in 23 countries and operates 240 stores across the GCC.

ADNEC Group, a subsidiary of Modon Holding, has signed agreements to acquire Royal Catering Services LLC, an Abu Dhabi-based catering provider with over 2,500 employees and a capacity of producing over 50,000 meals daily. This acquisition will integrate Royal Catering with ADNEC's Capital Catering business, making it one of the largest catering providers in Abu Dhabi. The move expands Capital Catering's focus and production capacity, enhancing ADNEC's market presence and profitability. The acquisition aligns with ADNEC's growth strategy, targeting high-potential sectors, and includes plans for operational improvements and technology integration. Modon Holding's CEO, Bill O'Regan, and ADNEC's CEO, Humaid Matar Al Dhaheri, emphasized the strategic importance of this acquisition in strengthening their market position and service offerings in Abu Dhabi and the UAE.

Modon Holding P.S.C has been appointed by ADQ, an Abu Dhabi-based investment company, as the master developer for the Ras El Hekma megaproject in Egypt. This project, located 350 kilometers northwest of Cairo, is set to cover 170 million square meters, with Modon initially developing 50 million square meters. The project aims to create a smart, sustainable urban community and is expected to generate significant economic impact, including USD 110 billion in cumulative investment by 2045, an annual GDP contribution of USD 25 billion, and approximately 750,000 jobs. Ras El Hekma will feature residential, commercial, and recreational facilities, including an international marina and a special free zone. Modon Holding has partnered with major developers, including Orascom Construction, to execute the project.