Our History

The beginning

In 2002, the company was established in Cyprus continuing and expanding on the business of its predecessor with Souren Dakessian as Managing Partner. Souren Dakessian having already served as Managing Director for middle east operations of the predecessor company since 1993.


2007 - Establishment of company branch office - UAE

The 1st branch of the company is established in the UAE with a fully staffed office of technical engineers.


2013 - Establishment of company in KSA

The company and Masoud Al Qahtani (long term business associate in KSA) partner to establish the Saudi entity.


2017 - A new era

July 2017 - Souren Dakessian acquires 100 % ownership of the company in Cyprus.

December 2017 – the company name is officially changed to FEC International.


2019 - Employee Share Scheme

We are very pleased to announce the introduction of the employee redeemable share scheme.


2023 - Establishment of Subsidiary

We are pleased to announce the establishment of FEC International & Co Ltd a subsidiary of FEC International Ltd.
The subsidiary is based in Cyprus, operating from the company’s head offices, and will be handling all ongoing and future projects dealt through Cyprus.
Armen Ayvazian CEng, Partner in FEC International & Co Ltd, has been appointed the company’s manager.