Galfar Engineering wins $68m road works contract in Oman
Oman-based Galfar Engineering and Contracting Company has been awarded a contract worth $68m (OMR26.24m) for road works at Al Batinah Expressway project in the sultanate
Oman-based Galfar Engineering and Contracting Company has been awarded a contract worth $68m (OMR26.24m) for road works at Al Batinah Expressway project in the sultanate.
The contract was awarded by the Ministry of Transport and Communications for works related to traffic opening at the Expressway as part of package three of the project, according to a disclosure statement posted on MSM website, the Times of Oman reported.
The contract has a completion period of 426 days, which includes 30 days for mobilisation.
The contractor said earlier this week that its net profit for Q1 2017 stood at $15,582 (OMR6,000) against $1,402,597 (OMR540,000) posted for the same period last year.
Galfar Engineering was awarded a contract by Petroleum Development Oman (PDO) in May to provide off-plot mechanical work in Oman as part of a two-contract deal worth $780m.
Under the terms of the deals, off-plot mechanical work will be carried out by local contractor, Seeh Al Sarya Engineering at PDO oil fields at Fahud, Lekhwair, and Yibal, and by Galfar Engineering and Contracting at Qarn Alam.