Industry | Manufacturing |
---|---|
Founded | 1984 |
Headquarters | Dubai, United Arab Emirates |
Key people | Fouad Makhzoumi(CEO) (Chairman) |
Products | Pipes |
Number of employees | 3,290 [1] |
Future Pipe Industries is a Dubai-headquartered fiberglass pipe system design and manufacturing company active in the oil and gas, water, and industrial sectors. [2]
FPI was founded in Dubai in 1984, has 12 factories worldwide, and employs 3,300 people. [3]
In 2008, FPI planned to float 35% of the company on the Dubai stock exchange, DIFX for about US$550 million, valuing the company at $1.2 to 1.6 billion. This float failed to occur at that time. [4]
In 2012, it was reported that around 2000, the annual turnover was about $100 million, but had grown to $1 billion, and that FPI accounts for 80% of the Makhzoumi family-owned Future Group, which might be floated in 3-5 years at a possible valuation of $4-5 billion. [5]
Fouad Makhzoumi is the executive chairman, CEO and owner; his wife, May Makhzoumi, is the vice-chairman. [6]
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000.
Nestlé S.A. is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Switzerland. It has been the largest publicly held food company in the world, measured by revenue and other metrics, since 2014. It ranked No. 64 on the Fortune Global 500 in 2017. In 2023, the company was ranked 50th in the Forbes Global 2000.
Dubai is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the country's seven emirates. Founded in the 1800s as a fishing village, Dubai has emerged as a major center for regional and international trade since the early 20th century and early 21st centuries with a focus on tourism and luxury. It has the second-most five-star hotels in the world and the tallest building in the world, the Burj Khalifa, which is 828 metres (2,717 ft) tall. In the eastern Arabian Peninsula, on the coast of the Persian Gulf, it is a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub.
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Water supply and sanitation in Saudi Arabia is characterized by challenges and achievements. One of the main challenges is water scarcity. In order to overcome water scarcity, substantial investments have been undertaken in seawater desalination, water distribution, sewerage and wastewater treatment. Today about 50% of drinking water comes from desalination, 40% from the mining of non-renewable groundwater and only 10% from surface water in the mountainous southwest of the country. The capital Riyadh, located in the heart of the country, is supplied with desalinated water pumped from the Persian Gulf over a distance of 467 km. Water is provided almost for free to residential users. Despite improvements, service quality remains poor, for example in terms of continuity of supply. Another challenge is weak institutional capacity and governance, reflecting general characteristics of the public sector in Saudi Arabia. Among the achievements is a significant increases in desalination, and in access to water, the expansion of wastewater treatment, as well as the use of treated effluent for the irrigation of urban green spaces, and for agriculture.
Istithmar World ("istithmar" for "investment" is an investment firm based in Dubai, United Arab Emirates. This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Originally known as "Istithmar," the company was renamed as "Istithmar World" in 2008.
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United Parks & Resorts Inc. is an American theme park and entertainment company headquartered in Orlando, Florida. The company owns and operates twelve recreational destinations in the United States, including eight theme parks and four water parks. Notable brands within its portfolio include SeaWorld and Busch Gardens. In May 2018, Themed Entertainment Association and the global management firm AECOM reported that the then SeaWorld Parks & Entertainment, operating under its previous name, ranked ninth in the world for attendance among theme park companies, led by parks SeaWorld Orlando and Busch Gardens Tampa Bay.
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