Built to inform

Sign up for the daily newsletters

No, Thank you

Oman's Galfar opens Libya plans as nation rebuilds

Subsidiary to begin work once new government begins tendering process

Libya faces a long path to sustained prosperity. Photo: Getty.
Libya faces a long path to sustained prosperity. Photo: Getty.

RELATED ARTICLES: Galfar wins $36.4m Oman water pipeline contract | Galfar Engineering wins $6.1m Daleel road contract | Galfar Engineering net profit rises in 2011

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.

Most popular

Awards

Go for gold at the 15th Construction Week Awards in December 2019!
Winners will be crowned under 14 categories at a gala ceremony in Dubai – are

Conferences

Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power
Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy

Latest Issue

Construction Week - Issue 741
May 11, 2019