Construction

Galfar secures contracts worth $505m in H1 2012

Omani company saw its total income fall to $406m at the end of first six months of 2012

Oman’s Galfar Engineering & Contracting has said it has a good order book position with more than $1.82bn, boosted by the award of a number of major contracts.

Of the total, contracts worth $505.8m were secured during the first half of this year, the company said.

Galfar saw its total income fall to $406.4m at the end of the first six months of 2012, compared with $433.3m during the corresponding period of last year.

Chairman of Galfar, Sheikh Salem Said Hamed al Fannah al Araimi, also announced the expansion of the company’s operations in India.

“In addition to BOOT road projects, ports and material handling berths, we have already begun to pursue projects in the upstream, mid-stream and downstream sectors of Oil & Gas, which will be made with selected partners having the required capabilities,” said al Araimi.

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