GAMMA Co.

Oil and GasTehrān, Iran1001-5000 Employees

In 1953 a group of young Abadan Institute of Technology engineering graduates, who were employed by the National Iranian Oil Company, were contemplating the idea of forming a company to benefit from the opportunities of the industrialization plans of the nation. Being employed by NIOC, at the time, was prestigious and well paid. Only two of the group had the courage and determination to leave and form a limited liable company in 1955. The modest beginning included piping and sewage works for municipalities and small industries as well as housing and steel structure fabrication and erection. Excellent work record, rapid growth and larger project in sight necessitated many changes in company structure and formation. Company formation changed to Join Stock, new partners were taken and many professionals joined the company, majority of them with strong background in the oil industry. Impressed by the achievements of the young Gamma, in 1962 NIOC top management entrusted the construction and erection worksof Alborz Distillation Plant which had to be implemented on fast track basis. The success of the Project was a turning point and established Gamma as a pioneer Iranian construction company in the oil industry which led to further reorganization, addition of subsidiaries and growth. Today, Gamma has over 100 projects in its

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