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Descon
Corporate group based in Lahore From Wikipedia, the free encyclopedia
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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]
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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]
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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)
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See also
References
External links
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