Descon

Descon
Company type
Corporate group
IndustryConglomerate
Founded15 December 1977; 48 years ago (1977-12-15)
FounderAbdul Razak Dawood
HeadquartersLahore, Pakistan
Area served
Worldwide
Key people
Number of employees
22,000 (2023)
Websitedescon.com

Descon (Urdu pronunciation: [ˈdɛs.kɔn] DES-kon) is a group of companies headquartered in Lahore. It operates in the engineering, power and chemical sectors.[1] Descon is active in UAE, Qatar, Saudi Arabia, Kuwait, Oman, Iraq, and South Africa.[2]

History

It was founded in 1977 by Abdul Razak Dawood as Design Engineering and Construction Services (Descon) with an investment of Rs. 3.2 million.[2] It received its first contract when Attock Refinery asked to set up a small refinery in 1978.[2] In 1981, it received a four-year project of National Refinery which helped the company to expand.[2]

In 1982, Descon expanded to regional countries, where it helped a Saudi company and afterwards got a small project in Abu Dhabi.[3]

In 2007, Descon was included in the Engineering News-Record's list.[4]

In 2018, Descon expanded its footprint into South Africa by acquiring 26 percent of Plant Design and Project Services (PDPS), an engineering firm there.[1][3]

List of companies

Listed companies

  • Altern Energy Limited
  • Descon Oxychem Limited (founded 2004)

Unlisted companies

  • Descon Engineering Qatar (LLC) (founded 2002): A Qatari branch of Descon
  • Descon Plant Design and Project Services (PDPS): A division of Descon Engineering formed through a strategic acquisition of a 26% stake in a South African PDPS company
  • Olayan Descon Industrial Company (ODI) (founded 1981): A joint venture with Olayan Saudi Holding
  • Presson Descon International Limited (PDIL)

See also

References

  1. ^ a b "Descon kicks off 40th anniversary celebrations". The News International. 15 November 2017. Retrieved 11 December 2019.
  2. ^ a b c d Haq, Shahram (25 December 2017). "Descon plans to venture into South Africa market". The Express Tribune. Retrieved 15 September 2024.
  3. ^ a b Nasir Jamal (8 January 2018). "Descon head wants a level playing field under CPEC". Dawn. Retrieved 11 December 2019.
  4. ^ "A Banking Road-show on 'Next Generation Customer Experience' was held by Teradata in collaboration with Genesys". DAWN.COM. 1 October 2013. Retrieved 24 October 2024.

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