2019 CW Power 100: Dr Hans Erlings of Oman's Galfar ranked #44
CEO of Galfar Engineering and Contracting climbs up in CW's annual ranking of industry leaders
Dr Hans Erlings is the chief executive officer of Oman-headquartered Galfar Engineering and Contracting, one of the biggest construction companies in the sultanate.
The group reported profit of $5.7m (OMR2.2m) for 2018, which marks a steady improvement over the loss of $16.8m (OMR6.5m) that was seen in 2017.
While revenues reached $751m (OMR289.1m) last year, accumulated losses for the firm were $43.1m (OMR16.6m), better than the $47.8m (OMR18.42m) recorded in 2017.
Developments in Galfar’s portfolio include operation and maintenance work for Salalah Waste Water System & Treated Effluent Network, worth $33.7m (OMR13m); construction for Daleel Petroleum, valued at $78m (OMR30m); and Phase 2 of a $93.5m (OMR36m) gas gathering project for BP.
The company had an order book of $987.2m (OMR380m) as of 2018.
Check out the 2019 Construction Week Power 100 issue here.