CYPGasTech 2014 exhibitor e-directory CYPGasTech 2014, Limassol, Cyprus - Page 13

Contact details: Joannou & Paraskevaides Group 1 Byron Avenue 1096 Nicosia, Cyprus W: Efthyvoulos Iacovides General Manager T: +357 22 868618 / 22 868651 E: The Joannou & Paraskevaides Group, known as J&P was founded in 1941 by Mr. Stelios Joannou and Mr. George E. Paraskevaides, who formed a partnership that flourished into one of the largest and best known International Contractors in the world. The size of the Company grew steadily and by 1960 the management decided to expand its operations abroad. J&P was awarded its first overseas contract of building houses for the British Air Force base in El Adem, Libya. J&P performed superbly and soon became a major player in the region. After several successful years in Libya, J&P felt it was time to expand in the Arabian Gulf. This proved to be a timely move right at the beginning of a twenty-year construction boom through the 70s and 80s. Its reputation for excellent work and timely completion of projects undertaken, helped the Company to establish itself as one of the most reliable contractors in the area. J&P is ranked amongst the world’s top international construction companies. Its sphere of operations covers airports, highways, bridges, tunnels, dams, irrigation projects, hospitals, housing and general infrastructure, tourist complexes, hotels, academic buildings and industrial complexes in the Arabian Gulf, North and East Africa, Eastern Europe and parts of Asia, Greece and Cyprus. During the mid-80s the Company entered the Oil & Gas sector, with Gas/Oil Separation Plants (GOSP) in the Libyan Sahara Desert, with pipelines and product storage facilities, spanning a distance of more than 2000 kilometres. GOSP projects and other Oil & Gas Facilities have also been undertaken in Saudi Arabia. Another important aspect of J&P’s business is its involvement in the real estate development. The Company has pioneered in this sector and set the standards of correct town planning in Cyprus since the island’s Independence in 1960. J&P is also currently involved in the construction of thre