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.
[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.
[6] This United Arab Emirates-related article is a stub.