International Project Developers Group (IPD)

What International Project Developers Group (IPD) does

International Project Developers Group (IPD) is a privately-held Saudi Arabian holding company, founded in 1999 in Jeddah and fully owned by Al-Dabbagh Group, that delivers project development and management services through four wholly-owned operating subsidiaries. Originally focused on the Oil & Gas sector, IPD transformed into a holding structure in 2014 and now operates across power, construction, industrial, hospitality, education, and petrochemical services. Its subsidiaries include Gulf Power International (GPI) for gas and steam turbine power plant construction and O&M, Elevator Systems & Contracting Co. (ESCCO) for elevator and escalator sales, installation, and maintenance, National Scientific Company (NSC) for laboratory instrumentation and consumables, and El Corte Inglés KSA for office, hotel, and residential furniture and interior fixtures.

IPD's core technology is centered on turn-key project delivery and construction/O&M capabilities rather than proprietary software or AI systems; its technical edge comes from agency partnerships with international principals such as Wartsila, Mitsubishi Hitachi Power Systems (MHPS), Hyundai Elevators, El Corte Inglés Commercial, and VWR, which supply underlying equipment, brands, and know-how that IPD localizes for the Saudi and regional market. Pricing is quote-based and not publicly disclosed, consistent with project-based B2B enterprise engagements.

IPD makes money through a diversified B2B enterprise model: professional services revenue from project development and management contracts (parent and GPI), hardware and installation revenue (ESCCO, El Corte Inglés KSA), and consumables/equipment distribution (NSC). Go-to-market is relationship-driven enterprise field sales targeting large enterprise clients across multiple verticals, with marketing handled through subsidiary-specific websites (gpi.com.sa, escco.com.sa, elcorteingles.es) and the parent corporate site. Operating scale indicators cited by the company include 70+ countries of activity, 130,000+ customers served, 21+ facilities, and 60 awards, though only a small sample of named customers (Saudi Germany Hospital, Jarat Al Wadi Compound) is publicly visible.

Name

International Project Developers Group (IPD)

Legal name

International Project Developers Group

Website

https://ipd.com.sa

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

International Project Developers Group (IPD) is a Saudi Arabian holding company, founded 1999 and owned by Al-Dabbagh Group, that delivers turn-key project development and management across power, oil & gas, construction, industrial, hospitality, and education via subsidiaries GPI, ESCCO, NSC, and El Corte Inglés KSA.

Ownership category

akta.pro rank

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others

Revenue model

1. Project Development and Management: Managing and developing large-scale projects on turn-key basis, partnering with international principals across diversified sectors.
2. GPI - Power Sector Operations: Construction and O&M solutions for gas and steam turbine based power plants in the Saudi market
3. ESCCO - Elevator/Escalator Services: Sales, installation and maintenance of elevators and escalators
4. NSC - Laboratory Supplies: Instrumentation needs and supply of chemicals & consumables to scientific laboratories
5. El Corte Inglés - Furniture: Furniture products and interior fixtures & fittings for offices, hotels, residences

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

IPD Group is a holding company that manages and develops large-scale turn-key projects on behalf of enterprise clients, partnering with international principals across diversified sectors. Its core offering is delivered through wholly owned subsidiaries: GPI provides power plant construction and O&M services, ESCCO delivers elevator and escalator sales/installation/maintenance (Hyundai), NSC supplies laboratory instrumentation and consumables (VWR), and El Corte Inglés KSA supplies furniture and interior fixtures for offices, hotels, and residences.

Product overview

IPD is a holding company that provides project development and management services through multiple subsidiary companies. The core offering includes project delivery and management via IPD, world-class O&M services for power through Gulf Power International (GPI), instrumentation and laboratory supplies through National Scientific Company (NSC), elevator and escalator services through ESCCO, and furniture/interior solutions through El Corte Inglés KSA. The subsidiaries operate across power, oil & gas, construction, industrial, hospitality, education, and petrochemical services sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• IPD Group Project Development and Management Turn-key project development and management services for enterprise clients across oil & gas, power, construction, industrial, hospitality, education, and petrochemical services sectors, delivered via partnerships with international principals.
• Gulf Power International (GPI) Power Plant Construction and O&M Construction and operations & maintenance solutions for gas and steam turbine based power plants in the Saudi market, offered to enterprise power sector clients and leveraging partner technologies from Wartsila and Mitsubishi Hitachi Power Systems.
• ESCCO Elevator and Escalator Sales, Installation and Maintenance Sales, installation and maintenance of elevators and escalators covering high-rise to low-rise sectors in Saudi Arabia, offered to real estate developers, contractors, hospitals and facility owners through Hyundai Elevators partnership.
• National Scientific Company (NSC) Laboratory Instrumentation and Consumables Supply of laboratory instruments, chemicals and consumables to scientific laboratories via VWR distribution, catering to instrumentation needs of education, R&D, healthcare and industrial laboratory customers.
• El Corte Inglés KSA Furniture and Interior Fixtures Furniture products and interior fixtures & fittings for offices, hotels and residences, drawing on over 25 years of manufacturing experience from the Spanish-origin El Corte Inglés brand.

Named customers2 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Hyundai ElevatorscoreStrategic or Co-development PartnerHyundai Elevators is a key partner providing elevator products and technology. ESCCO handles sales, installation and maintenance of elevators and escalators, representing Hyundai Elevators in the Saudi market.
• El Corte Inglés CommercialcoreStrategic or Co-development PartnerSpanish furniture giant El Corte Inglés brings over 25 years of experience in manufacturing furniture products and interior fixtures & fittings. IPD represents El Corte Inglés for offices, hotels, residences in the region.
• WartsilacoreStrategic or Co-development PartnerWartsila is a key international partner for power generation solutions. IPD leverages Wartsila technology for power sector projects in the region.
• Mitsubishi Hitachi Power Systems (MHPS)coreStrategic or Co-development PartnerMHPS is a flagship partner for power plant solutions. IPD collaborates with MHPS for delivering gas and steam turbine based power plant solutions in the Saudi market.
• VWRminorStrategic or Co-development PartnerVWR is a partner for laboratory equipment and supplies. NSC handles instrumentation needs and supply of chemicals & consumables to scientific laboratories, distributing VWR products.
• Al-Dabbagh GroupcoreOthersIPD is fully owned by Al-Dabbagh Group, which provides parent company oversight, core values, and strategic direction. Al-Dabbagh Group is a prominent Saudi conglomerate.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Regional players

• El Seif Engineering Contracting: Major Saudi building and infrastructure contractor executing high-rise and megaproject scopes. Comparable large Saudi mega-contractor profile for IPD's construction-adjacent subsidiaries.
• Almabani: Saudi general contracting and infrastructure firm with civil, mechanical, and electrical execution capability. Comparable regional construction contractor profile for IPD's Saudi project pipeline.
• Al Bawani: Saudi general contractor covering buildings, industrial, and civil works. Comparable regional construction capability to IPD's domestic execution scope.

Broad incumbents

• Saudi Binladin Group: Major Saudi construction conglomerate executing large-scale civil, building, and infrastructure megaprojects. Comparable Saudi contractor scale and project-development profile.
• Zamil Group: Diversified Saudi industrial conglomerate spanning construction, services, and infrastructure products. Comparable diversified industrial footprint within the Saudi market.
• ACWA Power: Saudi-headquartered power and water developer with a large thermal and renewable IPP portfolio. Directly comparable to IPD's Gulf Power International subsidiary in the Saudi power infrastructure market.
• Rawabi Holding: Saudi integrated energy and services conglomerate with oilfield, industrial, and construction subsidiaries. Comparable Saudi holding-company structure spanning power-adjacent and project services.
• Alfaisaliah Group: Diversified Saudi conglomerate active across industry, healthcare, consumer, and services. Comparable diversified Saudi conglomerate with multi-sector operating subsidiaries.
• Nesma Holding: Multi-sector Saudi holding company with operating subsidiaries in construction, electrical, interiors, and industrial services. Structurally the closest peer to IPD's diversified holding model with a comparable Saudi parent-group chassis.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/international-project-developers-group-ipd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Project Developers Group (IPD)