Nizar Assaad co-founded the ASD48 Family Office in 2014 in Geneva alongside his children, Jamil, and Nada Assaad. Through this endeavour, he aims to manage, protect, and preserve the legacy that he has built.

Since the unrest in Syria, Nizar is prioritising philanthropic projects, including supporting charities aimed at uplifting Syrian refugees and the internally displaced affected by the conflict. He continues to sustain his philanthropic projects today by providing support to various charitable initiatives.

Nizar graduated from Damascus University with a BS in Civil Engineering and began his professional career by entering the construction industry, focused on developing power lines and power stations. Recognising a unique opportunity, he expanded into hotel projects across the Middle East, rapidly establishing himself as a leading civil contractor.

In the early 1980s, responding to the surge in demand for oil and gas infrastructure, Nizar formally entered the industry developing gas and power plants.

In the 1980s and 1990s, Nizar expanded further into oil, gas, and power station infrastructure projects. Collaborating as a subcontractor to global giants such as Brown & Root Int. Inc., Davy McKee, and Kvaerner Process/USA. Nizar also played a pivotal role in large-scale projects for industry players like Total, Shell, and Conoco.

Responding to the call of EPC leaders like Petrofac, Saipem, and KBR, Nizar embarked on an international journey. Algeria, Qatar, and the UAE became new frontiers for business which marked a time of cross-continental exploration and establishment.

In 2020, during the Covid period, and after the loss of his brother, he decided to retire from the corporate world, keeping eyes on new ventures, investment, and philanthropy work via the Family Office and dedicating more to his two passions: golf and bridge.