Descon
 Logo since 2008 | |
| Company type | Corporate group |
|---|---|
| Industry | Conglomerate |
| Founded | 15 December 1977 |
| Founder | Abdul Razak Dawood |
| Headquarters | Lahore, Pakistan |
Area served | Worldwide |
Key people | |
Number of employees | 22,000 (2023) |
| Website | descon |
Descon (Urdu: ڈیسکون) 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
[edit]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
[edit]Listed companies
[edit]- Altern Energy Limited
- Descon Oxychem Limited (founded 2004)
Unlisted companies
[edit]- 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
[edit]References
[edit]- ^ a b "Descon kicks off 40th anniversary celebrations". The News International. 15 November 2017. Retrieved 11 December 2019.
- ^ a b c d Haq, Shahram (25 December 2017). "Descon plans to venture into South Africa market". The Express Tribune. Retrieved 15 September 2024.
- ^ a b Nasir Jamal (8 January 2018). "Descon head wants a level playing field under CPEC". Dawn. Retrieved 11 December 2019.
- ^ https://www.dawn.com/news/1046532
External links
[edit]- Pakistani companies established in 1977
- Construction and civil engineering companies of Pakistan
- Pakistani brands
- Multinational companies headquartered in Pakistan
- Construction and civil engineering companies established in 1977
- Conglomerate companies of Pakistan
- Conglomerate companies established in 1977
- Privately held companies of Pakistan