Oman's Galfar wins LOI for $5.7m contract to construct recharge dams

The company said in a stock market filing, it will provide all other details about the contract later in a supplementary disclosure

Galfar Engineering and Contracting secures LOI for the construction of recharge dams [representational].
Pixabay
Galfar Engineering and Contracting secures LOI for the construction of recharge dams [representational].

Muscat Securities Market-listed (MSM) Galfar Engineering and Contracting has revealed that it has received a letter of intent (LOI) for a contract worth $5.7m (OMR2.2M) for the construction of recharge dams.

In a stock market missive the company made the announcement without revealing further details about the firm it received the LOI from or the scope of work for the project.

Galfar Engineering and Contracting said in the missive, undersigned by the firm’s chief executive officer, Dr. Hans Erlings: “We will provide all other details later on in a supplementary disclosure upon satisfying the conditions and any other requirements.”

Last week the company had won a $75.1m (OMR28.9m) electromechanical erection contract for a steel pellet plant in Sohar.

Previously it has also secured a $2.3m (OMR 885,503.5) civil works contract for a tank foundation project under sub-package A of the engineering, procurement, and construction (EPC) Package 3 Offsite Facilities at the $7bn (OMR2.69bn) Duqm Refinery.

As part of the contract, Galfar will provide civil works related to tank foundation for four jet fuel A-1 tanks including 842-T-204, 842-T-202, 842-T-203, and 842-T-204 at Duqm Refinery, which is being developed through a partnership between Oman Oil Co and Kuwait Petroleum International.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020