Descon
 Logo since 2008 | |
| Company type | Public |
|---|---|
| PSX: DOL | |
| ISIN | PK0132801017 |
| Industry | conglomerate |
| Founded | December 15, 1977 |
| Founder | Abdul Razak Dawood |
| Headquarters | Lahore, Pakistan |
Area served | Worldwide |
Key people | |
| Revenue |  US$28 billion (2023) |
Number of employees | 22,000 (2023) |
| Subsidiaries | Descon Engineering Limited |
| Website | descon.com |
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 15th of 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.
History[edit]
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 Rs. 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.[2]
The company got its first contract when Attock Refinery asked to set up a small refinery in 1978.[2] In 1981, they got a bigger four-year project of National Refinery which helped the company to expand.[2]
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.[2][3]
In 2018, Descon expanded its footprint into South Africa by acquiring 26% of Plant Design and Project Services (PDPS), an engineering firm there.[3][1][4]
See also[edit]
References[edit]
- ^ a b "Descon kicks off 40th anniversary celebrations". The News International (newspaper). 15 November 2017. Retrieved 11 December 2019.
- ^ a b c d e Shahram Haq (25 December 2017). "Descon plans to venture into South Africa market – The Express Tribune". Retrieved 11 December 2019.
- ^ a b Nasir Jamal (8 January 2018). "Descon head wants a level playing field under CPEC (China-Pakistan Economic Corridor)". Dawn (newspaper). Retrieved 11 December 2019.
- ^ Descon:Press Release:August 21,2018:Descon expands acquiring consulting operations in South Africa
External links[edit]
- Companies based in Lahore
- Pakistani companies established in 1977
- Construction and civil engineering companies of Pakistan
- Pakistani brands
- Multinational companies headquartered in Pakistan
- Construction and civil engineering companies established in 1977
- Chemical companies of Pakistan
- Electric power companies of Pakistan
- Chemical companies established in 1977