'develop and modernize' is correct and usable in written English.
You can use it when you want to describe a process of making something more up to date or advanced. For example: "We need to develop and modernize our approach to health care to better serve our patients."
Qaboos, who had been trained in Britain at the Royal Military Academy in Sandhurst, quickly reversed his father's policy of isolation and began to develop and modernize Oman.
War aims traditionally expand, but in Afghanistan they have ballooned since 2001 into a comprehensive strategy to make Afghanistan stable and secure, as well as to develop and modernize the country and its government.
"The implications of a passed oil law allowing foreign investment would naturally be huge for Iraq, the region and the oil industry," said Samuel Ciszuk, an analyst with Global Insight, "unlocking a new chapter for Iraq, allowing it to develop and modernize its oil and gas production rapidly".
After incurring some damage during the civil war, the federal government launched the Mogadishu Port Rehabilitation Project, an initiative to rebuild, develop and modernize the port.
Instead, as during the George W. Bush years, EPA will struggle to maintain its current capacity to develop and modernize environmental rules.
The trend to modernize and develop the economy is not entirely new, of course.
Widely known as "the homestay attack," it was only one of a rising number of incidents of sectarian moral policing in the developing and modernizing city of Mangalore.
The cost of researching, developing, maintaining, and "modernizing" the American arsenal of 6,800 nuclear warheads falls to an obscure agency located inside the Department of Energy, the National Nuclear Security Administration, or NNSA.
China's economy continues to grow and modernize.
As the company announced at its developer conference in Portland today, it's launching the Nginx Application Platform to give developers a one-stop platform for developing or modernizing their applications with DevOps, the cloud, containers and microservices in mind.
It contains not only history but a sense of how the shoes and bags have been developed or modernized.
