| Foundation | 15 December 1977 (age 48) |
|---|---|
| Industry | Conglomerate |
| Location | Lahore, Pakistan |
| Area served | Worldwide |
| Key people | |
| Founder | Abdul Razak Dawood |
| Num employees | 22,000 (2023) |
| Website | descon.com |
Descon (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 .[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
- ^ "Descon kicks off 40th anniversary celebrations". The News International. 2017-11-15. Retrieved 2019-12-11.
- ^ Haq, Shahram (2017-12-25). "Descon plans to venture into South Africa market". The Express Tribune. Retrieved 2024-09-15.
- ^ Nasir Jamal (2018-01-08). "Descon head wants a level playing field under CPEC". Dawn. Retrieved 2019-12-11.
- ^ "A Banking Road-show on ‘Next Generation Customer Experience’ was held by Teradata in collaboration with Genesys". DAWN.COM. 2013-10-01. Retrieved 2024-10-24.