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Descon

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Corporate group based in Lahore

Descon
Logo since 2008
Company typeCorporate group
IndustryConglomerate
Founded15 December 1977; 47 years ago (1977-12-15)
FounderAbdul Razak Dawood
HeadquartersLahore, Pakistan
Area servedWorldwide
Key people
Number of employees22,000 (2023)
Websitedescon.com

Descon (Urdu: ڈیسکون) is a group of companies headquartered in Lahore. It operates in the engineering, power and chemical sectors. Descon is active in UAE, Qatar, Saudi Arabia, Kuwait, Oman, Iraq, and South Africa.

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. It received its first contract when Attock Refinery asked to set up a small refinery in 1978. In 1981, it received a four-year project of National Refinery which helped the company to expand.

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

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

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

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. ^ "Descon kicks off 40th anniversary celebrations". The News International. 15 November 2017. Retrieved 11 December 2019.
  2. ^ Haq, Shahram (25 December 2017). "Descon plans to venture into South Africa market". The Express Tribune. Retrieved 15 September 2024.
  3. ^ 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.

External links

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