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Tag: Modon

Construction & Real Estate

Abu Dhabi's Modon delivers record H1 results, revenue up 40pc

Modon Holding, a leading Abu Dhabi-based developer, has reported a 40% jump in its first-half revenue which soared to AED9.2 billion ($2.5 billion), while its net profit surged to hit AED2.2 billion ($598 million), mainly driven by higher real estate sales and revenue recognition from its development portfolio....

Construction & Real Estate

Modon, ADIB roll out UAE capital's first off-plan home finance scheme

Leading Emirati developer Modon has signed an agreement with Abu Dhabi Islamic Bank (ADIB) to introduce a first-of-its-kind home financing solution in the UAE capital for off-plan property purchases. Under this, eligible homebuyers will be able to access 75% off-plan home financing through ADIB. ...

Construction & Real Estate

Modon's Hudayriyat Golf Estates sets record with $3.54bn in sales

Modon’s Hudayriyat Golf Estates on Hudayriyat Island, Abu Dhabi has achieved record-breaking sales exceeding AED13 billion ($3.54 billion) within days of launch, marking the highest publicly recorded sales value for a single residential project launch in the UAE. ...

Construction & Real Estate

Hassan Allam wins contract for Ras El Hekma luxury hotel, residences

Hassan Allam Holding, a leading engineering and construction company, said one of its key units has secured a contract from Modon Ras El Hekma to build a luxury hospitality and residential project - Montage Hotel and Branded Residences - at Ras El Hekma in Egypt’s North Coast. ...

Construction & Real Estate

Modon announces sell-out of 834-unit Reem Island development

Leading Abu Dhabi developer Modon has announced the complete sell-out of Tara Park, a residential development on Reem Island, with the project generating AED2 billion ($544 million) in sales. It comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts. ...

Construction & Real Estate

Modon launches final phase of Tara Park on Reem Island

Modon, a premier Abu Dhabi-based real estate developer and urban planner, has released the final phase of its Tara Park residential project on Al Reem Island. A freehold development, the project features six residential towers connected by a shared podium that will deliver a total of 834 apartments. ...

Construction & Real Estate

ORA Developers acquires 4.8m sqm prime land from Modon

ORA Developers is boosting its UAE presence with the acquisition of an additional 4.8 million sqm of land from Modon Holding in Ghantoot, an area located between Dubai and Abu Dhabi. This land buy will take its footprint to 9.6 million sq m with a total AED30 billion ($8 billion) in project investment. ...

Construction & Real Estate

Modon unveils prime residential freehold project on Reem Island

Modon, an Abu Dhabi-based real estate developer, has announced the launch of Tara Park, a centrally-located residential freehold development on Reem Island featuring a range of residential towers that offer one- to three-bedroom apartments along with premium amenities. ...

Construction & Real Estate

Buhur, Jindal to set up carbon steel pipe manufacturing plant in Saudi Arabia

Saudi Authority for Industrial Cities and Technology Zones (Modon) has entered into a deal with a venture of Buhur Investment Company and Jindal Saw Company, for the establishment of a carbon steel pipes manufacturing plant with an annual production capacity of up to 350,000 MT. ...

Construction & Real Estate

Saudi Modon signs $274m deals to boost sustainable industrial growth

Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced the signing of deals worth over SAR1.03 billion ($274 million) with leading players in the industrial and logistics sectors. These cover localisation of pipe manufacturing, boosting national supply chain readiness as well as downstream industries. ...

Construction & Real Estate

Modon, Medlog in deal to set up integrated logistics zone in Jeddah

The Saudi Authority for Industrial Cities and Technology Zones (Modon) has sealed an agreement with Medlog, the logistics arm of Mediterranean Shipping Company (MSC), for the establishment of an integrated logistics zone over a 100,000 sq m area in Jeddah. ...

Construction & Real Estate

Saudi Modon picks WSP to develop its carbon neutrality strategy

Global engineering and professional services firm WSP has announced that it has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop its carbon neutrality strategy, a defining step towards achieving net-zero across its industrial cities, in alignment with Saudi Arabia’s national climate ambitions. ...

Construction & Real Estate

Modon inks $1.36bn contract for 735 Abu Dhabi villas

Modon has awarded the main construction contract for two of its residential developments on Hudayriyat Island: Nawayef East and Nawayef West. With a total value of AED5 billion ($1.36 billion), the contract is the largest awarded for residential projects in Abu Dhabi in 2025....

Construction & Real Estate

Modon awards $272m construction contract for Reem Island project

Leading developer Modon has awarded an AED1 billion ($272 million) construction contract for the Maysan project on Reem Island, Abu Dhabi. The scope of work includes development of two integrated residential communities featuring 244 townhouses. ...

Construction & Real Estate

Modon launches first premium waterfront community on Hudayriyat Island

Leading UAE developer Modon has unveiled its first ultra-premium waterfront community on Hudayriyat Island - Bashayer - featuring 157 luxury villas, as well as 330 apartments, including penthouses with views of Al Bateen and Abu Dhabi’s skyline. ...

Construction & Real Estate

Group Amana clocks 2m safe man hours at MiZa Phase 1 in Abu Dhabi

Group Amana, a leader in the design-build of industrial facilities, said it has achieved a key safety milestone at Abu Dhabi's innovation-focused neighbourhood - Mina Zayed (MiZa) - clocking 2 million safe man hours with Zero Lost Time Injuries (LTI) in its Phase I. ...

Construction & Real Estate

Arabian Dyar, Modon deal to develop 90 ready-made factories in Jeddah

Arabian Dyar Real Estate Development Company has signed a strategic partnership with the Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop and construct ready-made factories in Jeddah, advancing its expansion into Saudi Arabia’s industrial and logistics sectors....