Muscat – Galfar Engineering & Contracting Company has been awarded a new contract worth RO21mn by the Tender Board.
‘We are pleased to inform our esteemed shareholders that the Tender Board has awarded Galfar the tender for Rehabilitation of the Southern Runway and Air Corridors of Muscat International Airport Project,’ Galfar said in a filing to the Muscat Stock Exchange on Monday.
The firm said that the estimated value of this project, which will be executed for the Civil Aviation Authority, is approximately RO21mn.
The execution period of the project is 16 months from the issuance of the work commencement order.
Galfar Engineering said this new project is expected to contribute to the company revenues and strengthen its presence in such vital infrastructure projects.