Joannou & Paraskevaides
Encyclopedia
North Africa and the Middle East
Joannou & Paraskevaides (Overseas) Limited (“J&P(O) Ltd”) was established in 1961 in GuernseyGuernsey
Guernsey, officially the Bailiwick of Guernsey is a British Crown dependency in the English Channel off the coast of Normandy.The Bailiwick, as a governing entity, embraces not only all 10 parishes on the Island of Guernsey, but also the islands of Herm, Jethou, Burhou, and Lihou and their islet...
, Channel Islands
Channel Islands
The Channel Islands are an archipelago of British Crown Dependencies in the English Channel, off the French coast of Normandy. They include two separate bailiwicks: the Bailiwick of Guernsey and the Bailiwick of Jersey...
. In following with the entrepreneurial spirit of its founders, George Paraskevaides
George Paraskevaides
George Paraskevaides was a Cypriot philanthropist and businessman who focused on the construction business in Europe and the Middle East...
and Stelios Ioannou , who gained their experience from operating in the Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
construction market since 1941, J&P(O) Ltd successfully completed its first overseas projects in Libya
Libya
Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....
in the 1960s. J&P(O) Ltd then took its next major step and expanded into the Persian Gulf
Persian Gulf
The Persian Gulf, in Southwest Asia, is an extension of the Indian Ocean located between Iran and the Arabian Peninsula.The Persian Gulf was the focus of the 1980–1988 Iran-Iraq War, in which each side attacked the other's oil tankers...
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
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
and North African region.
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.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 GreeceGreece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
. 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
Eastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
and the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
.
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 ManIsle of Man
The Isle of Man , otherwise known simply as Mann , is a self-governing British Crown Dependency, located in the Irish Sea between the islands of Great Britain and Ireland, within the British Isles. The head of state is Queen Elizabeth II, who holds the title of Lord of Mann. The Lord of Mann is...
) Ltd. These two companies have a long standing presence and strong reputation in the GCC 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.
Notable completed projects
J&P(O)Ltd's most notable completed projects include:- the Seeb International AirportSeeb International AirportMuscat International Airport is the main airport in Muscat, Oman. It is the hub for the national carrier Oman Air. The distance from Old Muscat is 30 km and it is 15 km from the main residential localities. At the moment the airport is being expanded and modernized...
in Muscat, OmanMuscat, OmanMuscat is the capital of Oman. It is also the seat of government and largest city in the Governorate of Muscat. As of 2008, the population of the Muscat metropolitan area was 1,090,797. The metropolitan area spans approximately and includes six provinces called wilayats...
which was completed in 1976. It is the main airport in OmanOmanOman , officially called the Sultanate of Oman , is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the...
and the hub for the national carrier Oman AirOman AirOman Air is the national airline of Oman. Based on the grounds of Muscat International Airport in Muscat, it operates scheduled domestic and international passenger services, as well as regional air taxi and charter flights. Its main base is Muscat International Airport. Oman Air is a member of...
.
- the King Fahd International AirportKing Fahd International AirportKing Fahd International Airport is located 20 kilometers northwest of Dammam, Saudi Arabia. It is the largest airport in the world in terms of land area . The airport's basic infrastructure was complete by the end of 1990, which allowed the Allied forces engaged in the first Gulf War in early...
in DammamDammamDammam is the capital of the Eastern Province of Saudi Arabia, the most oil-rich region in the world. The judicial and administrative bodies of the province and several government departments are located in the city. Dammam is the largest city in the Eastern Province and third largest in Saudi...
, Saudi ArabiaSaudi ArabiaThe Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
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 BahrainBahrain' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
.
- the Abu Dhabi International AirportAbu Dhabi International AirportAbu Dhabi International Airport is an airport in Abu Dhabi, the capital of the United Arab Emirates. The airport is one of the fastest growing airports in the world in terms of passengers , new airline operators, and infrastructural development...
in Abu DhabiAbu DhabiAbu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
, United Arab EmiratesUnited Arab EmiratesThe United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
. finished in 1981. It is the second largest airport in the U.A.E.
- the Rio-Antirio bridgeRio-Antirio bridgeThe Rion-Antirion bridge , officially the Charilaos Trikoupis bridge after the statesman who first envisaged it, is the world's longest multi-span cable-stayed bridge...
in GreeceGreeceGreece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
completed in 2004. It is a cable-stayed bridge crossing the Gulf of CorinthGulf of CorinthThe Gulf of Corinth or the Corinthian Gulf is a deep inlet of the Ionian Sea separating the Peloponnese from western mainland Greece...
near PatrasPatrasPatras , ) is Greece's third largest urban area and the regional capital of West Greece, located in northern Peloponnese, 215 kilometers west of Athens...
, linking the town of Rio on the PeloponnesePeloponneseThe Peloponnese, Peloponnesos or Peloponnesus , is a large peninsula , located in a region of southern Greece, forming the part of the country south of the Gulf of Corinth...
to Antirrio on mainland Greece.
- the Al Bustan Palace Hotel in Muscat, OmanMuscat, OmanMuscat is the capital of Oman. It is also the seat of government and largest city in the Governorate of Muscat. As of 2008, the population of the Muscat metropolitan area was 1,090,797. The metropolitan area spans approximately and includes six provinces called wilayats...
.
Notable current projects
J&P(O) Ltd's most notable current projects include:- the Queen Alia International AirportQueen Alia International AirportQueen Alia International Airport is Jordan's largest airport that is situated in Zizya area, 20 miles south of Amman. The airport has three terminals: two passenger terminals and one cargo terminal. It is the home hub of Royal Jordanian Airlines, the national flag carrier, as well as being a...
in AmmanAmmanAmman is the capital of Jordan. It is the country's political, cultural and commercial centre and one of the oldest continuously inhabited cities in the world. The Greater Amman area has a population of 2,842,629 as of 2010. The population of Amman is expected to jump from 2.8 million to almost...
, JordanJordanJordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
to be completed in 2011. The EPC (contract)EPC (contract)EPC stands for Engineering, Procurement and Construction.It is a common form of contracting arrangement within the construction industry. Under an EPC contract, the contractor will design the installation, procure the necessary materials and construct it, either through own labour or by...
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 A380Airbus A380The Airbus A380 is a double-deck, wide-body, four-engine jet airliner manufactured by the European corporation Airbus, a subsidiary of EADS. It is the largest passenger airliner in the world. Due to its size, many airports had to modify and improve facilities to accommodate it...
.
- Two contracts for The Pearl-Qatar artificial islandArtificial islandAn artificial island or man-made island is an island or archipelago that has been constructed by people rather than formed by natural means...
, in DohaDohaDoha is the capital city of the state of Qatar. Located on the Persian Gulf, it had a population of 998,651 in 2008, and is also one of the municipalities of Qatar...
, QatarQatarQatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...
: 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.
Global International Contractor Rank
In 2009 the journal Engineering News-RecordEngineering News-Record
Engineering News-Record is a weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide...
ranked J&P(O) Ltd as the 36th Largest International Contractor globally. http://enr.construction.com/toplists/InternationalContractors/001-100.asp
Owners' charities
Both founders and their families have been involved in charityas well as donations to the arts and education. The Paraskevaidio Surgical & Transplant Foundation in Nicosia
Nicosia
Nicosia from , known locally as Lefkosia , is the capital and largest city in Cyprus, as well as its main business center. Nicosia is the only divided capital in the world, with the southern and the northern portions divided by a Green Line...
, and the Christos Stelios Joannou Foundation (for the mentally handicapped adults) are health centers set up by the two families.