Galfar Engineering & Contracting - Company Profile

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Galfar Engineering & Contracting: Overview

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Galfar Engineering & Contracting (Galfar) is a heavy construction contracting company. It carries out bridge, road and airport construction; engineering, procurement construction (EPC) works; operations and maintenance; civil and mechanical construction; and electrical, plumbing and maintenance services. It executes design, build, finance, operate and transfer (DBFOT) projects. Galfar also carries out leasing of cranes, equipment and other vehicles; and manufactures ready-mix concrete. Its major clientele includes Bank Muscat, Daewoo Engineering & Construction Co., Diwan of Royal Court, BP Exploration (Epsilon) Ltd, Dowell Schlumberger and Daleel Petroleum LLC. The company has operations in Oman and Kuwait. Galfar is headquartered in Muscat, Oman.

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Headquarters Oman
Address Building 760, Ghala Industrial Area, Way # 522, P.O.Box 533, Muscat, 100
Website galfar.com/oman/galfar
Telephone 968 24 525000
No of Employees 27,000
Industry Construction
Ticker Symbol & Exchange GECS (MSM)
Revenue (2022) $651.2M 40.7% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ -87.1% (2022 vs 2021)
Market Cap* $88.1M
Net Profit Margin (2022) XYZ -90.4% (2022 vs 2021)
* As of and is in US$
View Galfar Engineering & Contracting financials
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Galfar Engineering & Contracting premium industry data and analytics

170+

Construction Projects

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Project Contacts

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Galfar Engineering & Contracting’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Ready-Mix Concrete Engineering, Procurement and Construction
Operations and Maintenance
Project Management
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Contracts/Agreements In July, the company secured a RO29 million worth of engineering, procurement, and construction (EPC) contracts from OQ Exploration & Production Company for the EPC project of Bisat Permanent Power Supply Project at Block 60.
2023 Contracts/Agreements In June, the company secured a multi-year contract worth US$726 million for the delivery of off-plot facilities for the Qarn Alam oil field.
2023 Contracts/Agreements In June, the company secured a RO 280 million contract from Petroleum Development Oman for the delivery of off-plot facilities for the Qarn Alam oil field.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Galfar Engineering & Contracting Combined Group Contracting Co The Kuwait Company for Process Plant Construction & Contracting KPSC Al Hassan Engineering Co Al Jaber Group LLC
Headquarters Oman Kuwait Kuwait Oman United Arab Emirates
City Muscat Safat Safat Muscat Abu Dhabi
State/Province Muscat Al Asimah - - Abu Dhabi
No. of Employees 27,000 12,985 1,124 2,801 -
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
Majid Salim Said Hamed Al Fannah Al Araimi Chairman Executive Board - -
Hamoud Al Tobi Chief Executive Officer Executive Board - -
Mohiuddin Mohamad Ali Vice Chairman Executive Board - -
Hamdan Ahmed Hamood Al Shaqsy Director Non Executive Board - -
Mohamed Taqi Ibrahim Al Jamalani Director Non Executive Board - -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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