Major Eldorian groups — situation in 2018
Oil, defence, digital technology, space: the country’s top 10 groups are collectively worth more than 4 000 billion Marks. Almost all are national champions controlled by the state. The largest of them sells oil; the second-largest sells research.
| # | Company | Sector | Value (billions of Ɱ) | Key points |
|---|---|---|---|---|
| 1 | Naftar | Oil, gas, refining | ~1 650 | 11 Mb/day: Khuzestan, Kirkuk, Kuwait |
| 2 | Ilmar (formerly of EldoriaScience) | Search engine, cloud | ~620~676 billion euros · 795 billion dollars | The only large, wholly privately-owned company |
| 3 | Aegis Dynamique | Armament | ~430~469 billion euros · 551 billion dollars | Combat aviation, armoured vehicles, air defence, ammunition |
| 4 | Halix (formerly Eldoria Tech) | AI, computing | ~360~392 billion euros · 462 billion dollars | Publisher of TekOpsOS, integrator of EVA and ARES |
| 5 | Aegis Aviation | Civil aviation | ~290~316 billion euros · 372 billion dollars | Parent company of the Aegis group, world top 5 |
| 6 | Electrotek | Chip foundry | ~270~294 billion euros · 346 billion dollars | 22 nm at Isafamori, a joint venture with Samsung |
| 7 | Pharmacore | Pharmaceutical | ~250~272 billion euros · 321 billion dollars | OMCI’s captive market |
| 8 | Orbalis | Spatial | ~210~229 billion euros · 269 billion dollars | Project Manager for the NSPE |
| 9 | Kavir | Telecommunications | ~165~180 billion euros · 212 billion dollars | 97% of the territory covered |
| 10 | Rixo Automotive | Motoring | ~140~153 billion euros · 179 billion dollars | Competing with German premium car manufacturers |
By far the country’s leading group: oil, gas and refining. Founded in 1913 by Bahram Naftari, without any foreign concessions. It operates the Khuzestan basin, which has been in production since its discovery in 1912, the Kirkuk fields, which were taken intact in July 1940, and those in Kuwait. Its production stands at around 11 million barrels per day, one of the highest in the world. Its name comes from ‘naft’, meaning ‘oil’ in Persian.
A search engine and cloud services provider, launched in under the name EldoriaScience, the year in which the independent national internet network covered 95% of the country. It is the only major, wholly privately-owned company in the ranking: the state holds no stake in it. Its name comes from ‘ilm’, meaning ‘knowledge’.
An IT and artificial intelligence group, formerly known as Eldoria Tech. It develops TekOpsOS, the national operating system launched in , which forms the basis for all embedded systems, and integrates the EVA embedded AI for fighter aircraft and the ARES embedded AI for bomber aircraft.
National semiconductor foundry, founded in . It has produced at 22 nm in Isafamori since , within the consortium formed with Japan, and runs a joint venture with Samsung. The outcome of an effort launched in 1985 with 5 billion Marks invested in semiconductors.
Telecommunications operator. Its network covers 97% of the country, using infrastructure that is independent of Western networks, extended by dedicated submarine cables to France and Japan. Its name comes from ‘kavir’, meaning ‘desert’.
The defence division of the Aegis Group, established in . It designs SF fighter aircraft and SB bombers, armoured vehicles, air defence systems (Sentinel, Centurion), missiles (V3, V4, SERAPH, Saturne) and ammunition, and publishes technical catalogues. It exports to France and Japan.
Founded in , parent company of the Aegis group. It built the country's first modern fighters, from the SF-1 biplane of 1931 and the SF-5 and SF-7 of the 1940 campaigns to the SF-10, the first jet fighter (1945), and then the SF-12 of Suez, before the creation of Aegis Dynamique brought the military programmes together. Today it is a world top-5 civil aircraft manufacturer.
Lead contractor for the National Space Programme (NSPE). It operates 698 satellites, which form the backbone of the national internet, and is developing a heavy-lift launch vehicle due to be ready in 2022.
A national pharmaceutical giant, founded in 1919 from Yasmine Darvani’s vaccine laboratory at the CRSE. Its business relies on the captive market of the OMCI, and it supplies the strategic pharmaceutical stocks managed by Medical Coordination Agency III.
A national car manufacturer founded in 1921 with capital from Léon Castellane, positioned in the luxury segment in competition with the major German brands.
A shipping company founded in , with a research programme into electric propulsion. It makes use of the straits under Eldorian control.
An optronics specialist founded in : infrared sensors (IRST), sights and passive sensors for military equipment.
Diamond mining in Katanga, marketed under an ‘ethical’ image. Eldoria exercises total control over diamonds as part of its strategic resources.
Manufacturer of Eldorian reactors since 1947, and a partner of the Eldorian Energy Institute (IEE). Its first power reactor, Isafamori-1, was connected to the grid in 1953; Altome has built the 162 reactors at the country’s 31 power stations, which supply 71% of the electricity.
The country’s leading food and drink brand, founded in 1908 from the canning and flour mills of Fars.
Eldorian industrial champions operate under a regime of mixed ownership with majority state control: the State holds at least 51% of the capital and has a veto over exports and asset sales. See Technology.
Ilmar is the exception: as the only wholly private company in the top 10, it illustrates the scope for private enterprise in the consumer digital sector.
Aegis Aviation was founded in and supplied the country’s first modern fighter aircraft. In , its military activities were consolidated into a dedicated division, Aegis Dynamique, which has since been responsible for all armaments programmes: combat aircraft, armoured vehicles, air defence, missiles and munitions. The parent company refocused on civil aviation.