Oman's Galfar opens Libya plans as nation rebuilds
Subsidiary to begin work once new government begins tendering process
Galfar Engineering and Contracting, the Oman based construction company, has announced plans to begin operations in Libya, once the new government starts the tendering process.
The Muscat based company had formed a subsidiary in the North African country at the start of the year, but operations were interrupted by the civil unrest that spread following protests against former dictator, Muammar Gaddafi.
According to a report by the Omani newspaper, Muscat Daily, Galfar had set up a local company in Libya with 65% ownership and it had initiated exploring opportunities before the start of the civil war in February 2011.
Set up in 1972, Galfar is one of the largest construction companies in Oman, and has operations spread out across the GCC, as well as India. It has an annual turnover in excess of $1bn, and a group turnover of over $2bn.
Over the last four decades, the company has grown to include 7000 equipments and a workforce of over 28,000 employees.
Earlier this month, the company announced that it had been awarded a contract worth $19.6m for the ‘Fahud Area Gas – Early Production System’ by Petroleum Development Oman. The contract duration is 20 months.
In addition, it is in the midst of carrying out an order from the Ministry of Transport and Communications for the construction of the “Izz/Adam Dual Road”, for a total sum of $131m. The completion period for that project is 912 days, along with a further 60 days for mobilization.