Shapoorji Pallonji celebrates 150th anniversary
Indian contractor says it was first to arrive in Gulf 44 years ago with palace contract for HM The Sultan of Oman
Mumbai-headquartered contractor Shaporji Pallonji has said it is planning a series of events to mark its 150th year in business.
The company, which started life as Littlewood Pallonji & Co in 1865, now has revenues of $5bn a year and 35,000 staff, and investmentsin other sectors including property, textiles, logistics and agriculture.
The company became the first Indian contractor to work in the Gulf in 1970 when it was appointed to build a palace for HM the Sultan of Oman. Its current portfolio of regional projects includes the new Landmark HQ building in Dubai Marina, the new Hilton Riyadh and the Al Reziza office tower in Dammam in Saudi Arabia's Eastern Province.
Managing director and CEO, MD Saini, said, “Few companies achieve the accolade of being in business for one and a half centuries, so we’re particularly proud of what we’ve achieved during this time. While our origins rest in India, our strong presence in the MENA region from last forty-four years has helped to redefine and establish our brand as an international one."