| Descon Engineering | |
| Type: | Public |
| Industry: | conglomerate |
| Location: | Lahore, Pakistan |
| Area Served: | Worldwide |
| Key People: | |
| Founder: | Abdul Razak Dawood |
| Revenue: | US$28 billion (2023) |
| Operating Income: | US$7 billion (2023) |
| Net Income: | US$4.9 billion (2023) |
| Assets: | US$22 billion (2023) |
| Equity: | US$14 billion (2023) |
| Num Employees: | 22,000 (2023) |
| Subsid: | Descon Engineering Limited |
Descon Engineering (Descon) (Urdu: ڈیسکون انجینئرنگ) is a Pakistani conglomerate headquartered in Lahore.
This company was first established in 1977, now it has been grown into a diversified group. Today, the company operates as a group in a range of sectors, including engineering, power, and chemicals. The company was founded on 15 December 1977. It operates in the engineering, power and chemical sectors.[1] Descon is the only Pakistani engineering company to be included in the Engineering News-Record (a US magazine) list since 2007.
The company was founded by Abdul Razak Dawood as Design Engineering and Construction Services (Descon) in 1977. The initial capital used for starting this startup was 3.2 million. [2] From this, they expanded into three sectors and now they are operating in UAE, Qatar, Saudi Arabia, Kuwait, Oman, Iraq and South Africa.
The company got its first contract when Attock Refinery asked to set up a small refinery in 1978. In 1981, they got a bigger four-year project of National Refinery which helped the company to expand.
In 1982, they tried to expand to regional markets, where they helped a Saudi company and afterwards got a small project in Abu Dhabi. By 2018, this company was generating 60% of its income from overseas markets which helped the company grow to be a billion-dollar company.[3]
In 2018, Descon expanded its footprint into South Africa by acquiring 26% of Plant Design and Project Services (PDPS), an engineering firm there.[4]
Descon Engineering operates as part of a wider group of companies, each with a specific area of focus within the engineering and industrial sectors. Some notable subsidiaries include: