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RED House - Paraskevsides Group Strategic Partnership

RED House, the leading MENA real estates developer has signed with Paraskevaides Group an MOU on their strategic Partnership.

The signature of the MoU accured in Cyprus and was signed by RED House Chairman and CEO Mr. Mazen Beaini and Mr. Eftyvoulos Paraskevaides Chairman and CEO of Paraskevaides Group.


Paraskevaides Group J&P Contracting  
J&P contracting  

The Paraskevaides Group of Companies was established in the 1940's by George Paraskevaides O.B.E.
Its first activities were in the building and civil engineering contracting field, operating initially in Cyprus and very soon expanding both geographically and in other business activities.
Areas of activities
– Building, Civil and E&M engineering contracting
– Energy & Related sectors
– Property Development and Design
– Hotel and Leisure
– Pharmaceutical sector
– Manufacturing and Specialized Trading
– Retail and Wholesale business

The Paraskevaides Group of Companies interests include Joannou & Paraskevaides (J&P), a privately owned contracting company with a number of partners which ranks amongst the largest international contractors in the world.

J&P (Overseas) Ltd is a leading international building, civil and electromechanical engineering enterprise, with a strong involvement in the Oil & Gas and Industrial sector. With origins in the 1940's, the Company is registered in Guernsey, Channel Islands, UK and has a strong presence in several countries in the Middle East, North and East Africa and Europe for more than four decades.
J&P’s activities cover almost all the construction disciplines such as highways, bridges, airports, buildings of all types (e.g. hospitals, hotels, housing, high rise etc), civil works, oil & gas projects and pipelines, water plants, power plants and industrial projects. Besides the traditional public and private contracts, J&P is currently involved in major BOT contracts with international consortiums.

The Group’s operations are in the Arabian Gulf, North Africa, Europe and Asia. Projects undertaken include Airports, Roads, Power Stations, Bridges & Tunnels, Hotels, Office and Commercial Buildings and large Housing Projects, Olympic Games Installations and generally most building and civil engineering works.

The group has successfully executed a large number of complex multi-million dollar projects, including work for Hotels, Airports, Power Stations, Sports Complexes, Roads, Dams, Hospitals, and other Defense, Commercial, Industrial, Residential and Educational related projects.

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