The Joannou & Paraskevaides Group, better known as J&P, ranks consistently in the ENR top International Building and Civil Engineering Companies in the world. In a multitude of terrains and climatic variations, on projects as diverse as airports, industrial, commercial and residential buildings, hotels, hospitals, motorways, roads and bridges and oil & gas installations J&P delivers work of outstanding quality, magnitude and importance.
The story began in 1941 when Stelios Joannou and George Paraskevaides formed a partnership in Cyprus.
After the end of the Second World War, J&P began significant works in the civil sector and for the next 20 years it was a major contributor to the infrastructure of emerging Cyprus. J&P built blocks of flats and a variety of housing units, theatres, small factories and civic buildings, and its project portfolio quickly expanded. J&P built the holiday complexes and tourist developments which would form the bedrock of the Island’s emerging Tourism industry. By the time Cyprus gained independence in 1960, the writing was on the wall: The foundations for an international company had been laid. J&P was well staffed, with resources that could be given no further challenges in the local market. It was time to acknowledge J&P’s capabilities and look beyond the Cyprus shores.
J&P’s first overseas involvement was in Libya in 1961. The country had just started exploiting its oil reserves with the collaboration of international oil companies. It was a promising venue and a major challenge because of the harsh terrain and lack of basic infrastructure. Joannou & Paraskevaides (Overseas) Ltd was formed and took up the challenge. The new company was soon awarded major contracts at the British base of El Adem, quickly followed by large housing projects for the Libyan Government. These led to civil works projects for the oil companies and soon J&P became noted for its ability to work in challenging conditions. Against the desert sun, amid the endless sand, J&P delivered.
By 1969, the company decided to expand once more.
It began in Saudi Arabia, at Dhahran Airport, building the new aprons and extending and resurfacing the runway and taxiways. The excellent performance in both quality and time terms earned the recommendations of the client and consultants. It was then awarded the contract to build the entire Seeb International Airport on virgin ground by the Sultanate of Oman, similarly completed in time and of excellent standards.
As investment poured into the region, J&P became a major participant, building highways, tunnels, bridges and flyovers in Oman, Saudi Arabia and the UAE. From the ground up, J&P built huge housing complexes and whole towns with comprehensive infrastructure. There followed sports stadia, shopping malls, medical centres and luxury hotels. At the same time J&P paid due attention to Oil, Gas and industrial projects, a sector that quickly grew to claim a significant part of the Company’s turnover.
In Pakistan J&P was awarded major road projects, and huge irrigation infrastructure works, followed by the construction of the entire International Airport in Lahore. There were road projects in Ethiopia, large housing projects in Algeria, luxury hotels in Egypt, roads, hospitals, housing complexes and hotels in Qatar, and also the new International airport in Amman, Jordan.
J&P delivered excellent work and potential clients got to know. The J&P Directors knew it was time for further expansion and Europe was the next destination.
Beginning in Greece, J&P won numerous contracts to build hotels, hospitals, and highways. These were followed by contracts for petrochemical plants, refineries and large industrial and commercial complexes. The Group was a major partner in the consortium that built the largest project in Greece’s history, the Rion-Antirion Road Bridge; a vast, magnificent structure, spanning the beautiful Gulf of Corinth. In 2004, when the eyes of the world were turned to Athens and the nation that founded the Olympic Games 3,000 years earlier, J&P was there, a major contractor on the majority of facilities that had made the Games such a huge success despite gloomy forecasts. .
The Company established beyond doubt its ability to cope in almost any kind of conditions and display a level of professionalism and an end product on a scale that few other companies can match. In the fast-paced, ever-changing world of precision construction, the importance of technological innovation remains uppermost in J&P. There is a realisation that J&P must be kept at the cutting edge of innovation.
In Cyprus, J&P built the highways that link, through tunnels and mountains, the four main cities of Cyprus, namely Nicosia, Limassol, Larnaca and Paphos and constructed new dams that vastly increased the island’s water resources as a relief to drought. In the field of Land and Property Development J&P built ambitious housing complexes, multi-storey residential buildings, flagship offices, commercial centres, and tourist resorts,
In a zone of operations that now stretches from the Gulf States and the Middle East through North and East Africa to Asia and Eastern Europe, J&P has established a comprehensive network service with excellent material and personnel capability. Wherever the projects take J&P, its reputation is a portfolio of projects that has changed the lives of whole regions.
J&P offers new and innovative solutions to challenging construction needs of any size. This includes procurement of financing for projects of special interest, establishment of BOT consortia and undertaking complex turnkey EPC projects.
J&P has come a long way.
Yet so many years on since the company was founded in 1941, having embraced the most advanced technology in the construction industry and tackled some of the most difficult projects, there is still something about the J&P Group that does not change:
Every day, just like the first day, J&P goes out to do what it has always done: build to the full satisfaction of their clients and participate in their success.