J&P
 |
|
| Private | |
| Industry | Construction, petroleum engineering |
| Founded | 1961 |
| Headquarters | Guernsey |
|
Area served
|
Middle East, Africa, Europe |
|
Key people
|
Efthyvoulos G. Paraskevaides |
| Products | George Paraskevaides & Stelios Ioannou |
| Revenue |
 US$534 million (2011) |
|
Number of employees
|
13,000 (2011) |
| Website | J&P Group |
Joannou & Paraskevaides is a Cypriot international building, civil and electromechanical engineering contractor with an involvement in the energy (oil and gas) and industrial sectors operating in the Middle East, North Africa, Europe and Asia.
Joannou & Paraskevaides (Overseas) Limited (“J&P(O) Ltd”) was established in 1961 in Guernsey, Channel Islands. J&P(O) Ltd 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.
J&P(O) Ltd entered the Greek market in 1979 and quickly completed several projects. Through several strategic mergers and acquisitions of local contractors, J&P(O) Ltd’s presence in Greece continues through J&P-Avax SA which is listed on the Athens stock exchange. Today J&P-Avax SA is Greece's second largest construction group, and is expanding into neighboring Balkan states, Eastern Europe and the Middle East.
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. region. Their acquisition allows J&P(O) Ltd to supplement its current activities and expand its construction capability and expertise.
J&P(O)Ltd's most notable completed projects include:
J&P(O) Ltd's most notable current projects include:
Additionally two further contracts were executed, one for the design, construction, supply, installation and commissioning of civil and landscaping works (both airside and landside) and the second for all works associated with the construction and commissioning of an additional hangar 'Hangar H'. Client: Emirates Airlines Consultant: ADPI Contract Value: USD 457 million Status: Completed 2010
Client: Civil Aviation Authority Consultant: NESPAK Contract Value: USD 200 million Joint Venture: J&P (O) Ltd 65% - Airsys ATM 35% Status: Completed 2002\
...
Wikipedia