It is Oman's Handyman. Established in 1972, Galfar Engineering and Contracting is Oman's largest construction company, with a total workforce of 24,165 employees, OMR260 million (USD678 million) in 2006 revenues, and branches in Brunei, UAE and Qatar.
Galfar's integrated range of activities includes construction, project management, engineering and procurement. It operates through seven business units that focus on oil and gas, structures and buildings, roads and bridges, utilities and services, environmental, expressway and special projects.
Some of Galfar's major projects include the USD330 million Southern Expressway project, a 182 Km superhighway to be completed by August 2009; the USD250 million Kauther Gas Plant, a project being executed by the consortium of
PetrofacPetrofac
and Galfar, for processing 20 million standard cubic meters of gas per day, to be completed by August 2008; in July 2006,
Petroleum Development OmanPetroleum Development Oman
awarded Galfar two contracts worth USD70 million for three airports at Fahud, Qarn Alam and Marmul, operational by the close of 2007, and for a new blacktop road linking Fahud with Lekhwair, to be completed by 2008; in 2005, Galfar began a USD1 billion contract for
Petroleum Development OmanPetroleum Development Oman
and
PetrofacPetrofac
.
Galfar is planning to raise OMR60 million (USD155 million) by floating 40% of its shares on the
Muscat Securities MarketMuscat Securities Market
through an IPO in May 2007.