Joannou & Paraskevaides

J&P is a large contractor in the Middle East, and since its establishment in 1941 has built a considerable number of major infrastructure projects in the area, ranging from airports to motorways to major industrial plants and hospitals.[1] The company was founded and named after two Cypriot businessmen, Stelios Joannou and George Paraskevaides.[2] Its first major contracts were for projects on Britain's military bases on the island. [3] During the second world war, most of Nicosia's airport was contracted to J&P.[4]

J&P's most notable projects include, the Seeb International Airport which was completed in 1976. Also the company has worked on: King Fahd International Airport which was completed in 1983, Abu Dhabi International Airport finished in 1981. The Rio-Antirio bridge, done in 2006, and the A1 Highway (Cyprus), completed in 1984. The company’s worldwide operations are controlled by head offices in Nicosia (Cyprus),Athens (Greece) and London (UK). In 2006 the journal Engineering News-Record ranked J&P as the 41st largest international contractor. [5]

Both founders and their families have been involved in charity [6] as well as donations to the arts[7] and education.[8] The Paraskevaidio Surgical & Transplant Foundation in Nicosia, and the Christos Stelios Joannou Foundation[9] (for the mentally handicapped) are health centres set up by the two families.

Type plc
Founded 1941
Headquarters Cyprus
Area served Middle East, North and East Africa, Europe
Industry Construction
Employees 16,000 (2007)
Website http://www.jandp-group.com/

References

1. ^ McInerney, James (May 03, 2007). "New 305-bed hospital for Qatar", 2007 AME Info FZ LLC / Emap Communications. Retrieved on 2007-05-03.
2. ^ "Philanthropist and Builder Dies at 91", Google, The Associated Press (Thursday, 06 Dec 2007). Retrieved on 2007-12-06.
3. ^ Carr, John. "Builders fuel island boom", Asia Pacific News, Impact Media Global. Retrieved on 2007-04-26.
4. ^ "Civil engineers", The Times Digital Archive (Friday, Oct 27, 1972), pp. pg. III; Issue 58616; col B. Retrieved on 2008-05-02.
5. ^ "Top international contractors", Engineering News-Record, McGraw-Hill (2006). Retrieved on 2007-04-26.
6. ^ "George E. Paraskevaides: Excellence in Business, Philanthropy and Patriotism", Greek News (March 2007). Retrieved on 2007-04-26.
7. ^ 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. Retrieved on 2007-05-03.
8. ^ "New centre boosts classical studies", Oxford Mail, Newsquest Media Group (26 April 2007). Retrieved on 2007-04-26.
9. ^ "Christos Steliou Joannou Foundation". Retrieved on 2007-05-03.

Companies of Cyprus

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