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Galfar wins RO73mn contract for national road project in Duqm

5 Jul 2022 Galfar Engineering wins RO9mn tender By GULAM ALI KHAN

Muscat – Galfar Engineering and Contracting Company, the biggest construction firm in the sultanate, has been awarded a major contract for national road project in Duqm by the Public Authority for Special Economic Zones and Free Zones (OPAZ).

‘We are pleased to inform our esteemed shareholders that the Public Authority for Special Economic Zones and Free Zones has awarded to Galfar the tender for the construction of dual national road project (NR32) in Duqm (phase one),’ Galfar Engineering and Contracting Company said in a disclosure submitted to the Muscat Stock Exchange on Tuesday.

Galfar Engineering and Contracting Company said that the letter of award was accepted by the company on Monday. ‘The value of this project is approximately RO73mn with execution period of 36 months’, it added.

‘We take this opportunity to express our appreciation to the Public Authority for Special Economic Zones and Free Zones for the confidence vested in Galfar through the award of this project,’ the company said.

Earlier this week, Galfar Engineering and Contracting Company was also awarded a contract worth more than RO16mn for road construction by the Ministry of Defence.

The Ministry of Defence awarded the tender to Galfar Engineering and Contracting Company for the construction of the dualisation of Al Murtafat street phase 2 project. ‘The value of this project is RO16.145mn with execution period of about 18 months, effective from July 2022’, Galfar announced to the Muscat Stock Exchange on Sunday.

As per Galfar Engineering and Contracting Company’s first quarter financial report, the company received new project awards worth RO91mn during the first quarter of 2022. It said despite the economic situation and reduction of spending in public projects, Galfar continues to maintain significant projects pipeline of RO473mn as of the end of first quarter 2022.

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