Joannou & Paraskevaides
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|
| Type | Limited |
|---|---|
| Industry | Construction |
| Founded | 1961 |
| Headquarters | Guernsey |
| Area served | Middle East, North and East Africa, Europe |
| Revenue | 1,291,000 USD (2008) |
| Employees | 20,000 (2008) |
| Website | http://www.jandp-group.com/ |
Contents |
[edit] History
[edit] North Africa and the Middle East
Joannou & Paraskevaides (Overseas) Limited (“J&P(O) Ltd”) was established in 1961 in Guernsey, Channel Islands. In following with the entrepreneurial spirit of its founders, George Paraskevaides and Stelios Ioannou , who gained their experience from operating in the Cyprus construction market since 1941, J&P(O) Ltd successfully completed its first overseas projects in Libya in the 1960s. J&P(O) Ltd then took its next major step and expanded into the Persian Gulf in the 1970s. During the subsequent decades, J&P(O) Ltd played a leading role in the Persian Gulf’s construction boom completing highways in all types of terrain, tunnels, bridges and flyovers, airports, housing schemes, palaces, luxury hotels, hospitals, universities, commercial buildings, sports and conference centers and complex military projects. This wealth of experience has allowed J&P(O) Ltd to expand and solidify its position as one of the most capable and reliable international contractors operating today in the Middle East and North African region.[1]
[edit] Oil & Gas and Energy Specialization
During the 1980s, J&P(O) Ltd utilized its growing reputation as a reliable international contractor as a platform to participate in oil & gas and power projects and to date has built up an impressive portfolio of successfully completed projects. To further develop J&P(O) Ltd’s expertise in this sector J&P Energy and Industrial Projects SA was established to provide specialized services for bidding, design, procurement and project support services for oil and gas, energy and industrial projects.[2]
[edit] Greece
J&P(O) Ltd entered the Greek market in 1979 and quickly completed several challenging projects to establish an excellent reputation and strong presence in Greece. Through several strategic mergers and acquisitions of reputable local contractors, J&P(O) Ltd’s presence in Greece continues through J&P-Avax SA which holds revised top-class public works certification (7th class) and is listed on the Athens stock exchange. Today J&P-Avax SA is Greece's second largest construction group, has consolidated its leading position in the Greek market and is expanding into neighboring Balkan states, Eastern Europe and the Middle East.[3]
[edit] Electrical and Mechanical Expertise Acquired
On 1 January 2006, J&P(O) Ltd wholly acquired two specialist electrical and mechanical contractors A&P Paraskevaides (Overseas) Ltd and Conspel Construction Specialists (Isle of Man) Ltd. These two companies have a long standing presence and strong reputation in the GCC[4] region, a highly skilled workforce and an excellent client portfolio. Their acquisition allows J&P(O) Ltd to supplement its current activities and expand its construction capability and expertise.[5]
[edit] Notable completed projects
J&P(O)Ltd's most notable completed projects include:
- the Seeb International Airport in Muscat, Oman which was completed in 1976. It is the main airport in Oman and the hub for the national carrier Oman Air.
- the King Fahd International Airport in Dammam, Saudi Arabia which was completed in 1993. It is located 15 kilometers (about 10 miles) northwest of Dammam, Saudi Arabia. It is the largest airport in the world in terms of land area (780 km²), thus making it larger than the nearby country of Bahrain.
- the Abu Dhabi International Airport in Abu Dhabi, United Arab Emirates. finished in 1981. It is the second largest airport in the U.A.E.
- the Rio-Antirio bridge in Greece completed in 2004. It is a cable-stayed bridge crossing the Gulf of Corinth near Patras, linking the town of Rio on the Peloponnese to Antirrio on mainland Greece.
- the Al Bustan Palace Hotel in Muscat, Oman.[6]
[edit] Notable current projects
J&P(O) Ltd's most notable current projects include:
- the Queen Alia International Airport in Amman, Jordan to be completed in 2011. The EPC (contract) for the Rehabilitation, Expansion and Operation of Queen Alia International Airport is shared between J&P(O) Ltd and J&P-AVAX SA. Works will increase the initial capacity of the airport to 9 million passengers annually and give the ability to expand to 12 million passengers annually. Also, the expansion of the airport will allow it to handle the Airbus A380.
- Two contracts for The Pearl-Qatar[7] artificial island, in Doha, Qatar: The Roads and Infrastructure Project for the Island to be completed during 2010, and the Design and Construction of Qanat Quartier Precinct and the Construction of 31 Villas in La Plage and Bahriya Precincts to be completed during 2011.
[edit] Global International Contractor Rank
In 2009 the journal Engineering News-Record ranked J&P(O) Ltd as the 36th Largest International Contractor globally. [1]
[edit] Owners' charities
Both founders and their families have been involved in charity [8] as well as donations to the arts[9] and education.[10] The Paraskevaidio Surgical & Transplant Foundation in Nicosia, and the Christos Stelios Joannou Foundation[11] (for the mentally handicapped adults) are health centers set up by the two families.
[edit] References
- ^ History - North Africa and the Middle East http://www.jandp-group.com/default.asp?id=11&mid=1
- ^ History - Oil & Gas and Energy Specialization http://www.jandp-group.com/default.asp?id=11&mid=1
- ^ History - Greece http://www.jandp-group.com/default.asp?id=11&mid=1
- ^ Cooperation Council for the Arab States of the Gulf http://www.gccsg.org/eng/index.php
- ^ History - Electrical and Mechanical Expertise Acquired http://www.jandp-group.com/default.asp?id=11&mid=1
- ^ Al Bustan Palace http://www.ichotelsgroup.com/intercontinental/en/gb/locations/overview/muscat-albustanpalace
- ^ The Pearl Qatar http://www.thepearlqatar.com/main.aspx
- ^ "George E. Paraskevaides: Excellence in Business, Philanthropy and Patriotism". Greek News. March 2007. http://www.greeknewsonline.com/modules.php?name=News&file=article&sid=2835. Retrieved 2007-04-26.
- ^ Ioannou, Ellie (25 April 2007). "Speech by Mrs Ellie Ioannou at the Opening of the Stelios Ioannou School for Research in Classical and Byzantine Studies". University of Oxford. http://www.admin.ox.ac.uk/po/ioannou.shtml. Retrieved 2007-05-03.
- ^ "New centre boosts classical studies". Oxford Mail (Newsquest Media Group). 26 April 2007. http://www.oxfordmail.net/display.var.1356271.0.new_centre_boosts_classical_studies.php. Retrieved 2007-04-26.
- ^ "Christos Steliou Joannou Foundation". http://www.ioannoufoundation.org/. Retrieved 2007-05-03.
