Future Pipe Industries
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Future Pipe Industries
Future Pipe Industries is a Dubai-headquartered fiberglass pipe system design and manufacturing company active in the oil and gas, water, and industrial sectors. FPI was founded in Dubai in 1984, has 12 factories worldwide, and employs 3,300 people. 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. 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. Fouad Makhzoumi is the executive chairman, CEO and owner; his wife, May Makhzoumi, is the vice-chairman. References External links * Companies based in Dubai Emirati companies established in 1984 Manufacturing companies established in 1984 {{UnitedArabEmirates-stub ...
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Dubai
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the List of cities in the United Arab Emirates#Major cities, most populous city in the United Arab Emirates and the capital of the Emirate of Dubai. It is located on a Dubai Creek, creek on the south-eastern coast of the Persian Gulf, Persian Gulf. As of 2025, the city population stands at 4 million, 92% of whom are Expatriates in the United Arab Emirates, expatriates. The wider urban area includes Sharjah and has a population of 5 million people as of 2023,https://www.demographia.com/db-worldua.pdf while the Dubai–Sharjah–Ajman metropolitan area counts 6 million inhabitants. Founded in the early 18th century as a Cultured pearl, pearling and fishing settlement, Dubai became a regional trade hub in the 20th century after declaring itself a f ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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Chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as '' president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chair of a parliamentary chamb ...
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Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed i ...
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Pipe (material)
Pipe(s), PIPE(S) or piping may refer to: Objects * Pipe (fluid conveyance), a hollow cylinder following certain dimension rules ** Piping, the use of pipes in industry * Smoking pipe ** Tobacco pipe * Half-pipe and quarter pipe, semi-circular ramps for performing skateboarding/snowboarding tricks * Piping (sewing), tubular ornamental fabric sewn around the edge of a garment * ''For the musical instruments'', see below Music * Pipe (instrument), a traditional perforated wind instrument * Bagpipe, a class of musical instrument, aerophones using enclosed reeds ** Pipes and drums or pipe bands, composed of musicians who play the Scottish and Irish bagpipes * Organ pipe, one of the tuned resonators that produces the main sound of a pipe organ * Pan pipes, see Pan flute, an ancient musical instrument based on the principle of the stopped pipe * Piped music, or elevator music, a type of background music * "Pipe", by Christie Front Drive from '' Christie Front Drive'', 1994 ...
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Fouad Makhzoumi
Fouad Makhzoumi (; born 1952) is a Lebanese billionaire, businessman and politician, founder of the National Dialogue Party and member of the Renewal Bloc in the Lebanese Parliament. Early life Makhzoumi was born in Beirut, Lebanon in 1952. He has bachelor's and master's degrees in chemical engineering from Michigan Technological University. Career In 1984, Makhzoumi co-founded Future Pipe Industries, and was CEO from 1986 to 2003, when his son, Rami, took over as CEO, with Makhzoumi as chairman until 2011, when he resumed the CEO role. In 2018 and 2022 he was elected to the Lebanese Parliament ( Beirut II district, Sunni seat). Political donations In 2010, the British Conservative Party received a donation of £300,000 from his wife, May Makhzoumi. In 2013, it was reported that May had given the Conservative Party another £500,000 earlier that year, bringing her total donations since 2010 to over £1 million. In 2017, it was reported by ''The Guardian'' that François Fi ...
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Companies Based In Dubai
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Emirati Companies Established In 1984
Emirati may refer to: *pertaining to the country of United Arab Emirates *the people of the United Arab Emirates, see Emiratis *Emirati culture The culture of the United Arab Emirates is part of the culture of Eastern Arabia.
{{disambig ...
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