Descon

{{Infobox company

| name = Descon

| logo = Descon logo.png

| logo_caption = Logo since 2008

| type = Corporate group

| foundation = {{Start date and age|df=yes|1977|12|15}}

| industry = Conglomerate

| location = Lahore, Pakistan

| area_served = Worldwide

| key_people = {{plainlist|

Taimur Dawood chairman
Taimur Saeed (CEO)
Asad Ashfaq (COO)
Yasir Siddique (CFO)

}}

| founder = Abdul Razak Dawood

| num_employees = 22,000 (2023)

| subsid =

| website = {{URL|descon.com}}

}}

Descon ({{IPA|ur|ˈdɛs.kɔn}} {{respell|DES-kon}}) is a group of companies headquartered in Lahore. It operates in the engineering, power and chemical sectors.{{cite web |date=2017-11-15 |title=Descon kicks off 40th anniversary celebrations |url=https://www.thenews.com.pk/print/244280-Descon-kicks-off-40th-anniversary-celebrations |accessdate=2019-12-11 |website=The News International}} 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 {{PKR|3.2 million}}.{{cite news |url=https://tribune.com.pk/story/1592023/2-descon-plans-venture-south-africa-market/ |title=Descon plans to venture into South Africa market | newspaper=The Express Tribune |first=Shahram | last=Haq |date=2017-12-25 |accessdate=2024-09-15}} 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.{{cite web |url=https://www.dawn.com/news/1381431 |title=Descon head wants a level playing field under CPEC|author=Nasir Jamal |website=Dawn |date=2018-01-08 |accessdate=2019-12-11}}

In 2007, Descon was included in the Engineering News-Record's list.{{Cite web |date=2013-10-01 |title=A Banking Road-show on ‘Next Generation Customer Experience’ was held by Teradata in collaboration with Genesys |url=https://www.dawn.com/news/1046532 |access-date=2024-10-24 |website=DAWN.COM |language=en}}

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)