Descon Explained

Descon
Type:Corporate group
Industry:Conglomerate
Location:Lahore, Pakistan
Area Served:Worldwide
Key People:
Founder:Abdul Razak Dawood
Num Employees:22,000 (2023)

Descon (ur|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.

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. 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.[3]

In 2007, Descon was included in the Engineering News-Records 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.

List of companies

Listed companies

Unlisted companies

See also

Notes and References

  1. Web site: 2017-11-15 . Descon kicks off 40th anniversary celebrations . 2019-12-11 . The News International.
  2. News: Descon plans to venture into South Africa market . The Express Tribune . Shahram . Haq . 2017-12-25 . 2024-09-15.
  3. Web site: Descon head wants a level playing field under CPEC. Nasir Jamal . Dawn . 2018-01-08 . 2019-12-11.
  4. Web site: 2013-10-01 . A Banking Road-show on ‘Next Generation Customer Experience’ was held by Teradata in collaboration with Genesys . 2024-10-24 . DAWN.COM . en.