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Galfar Engineering wins $298.7m contract

Galfar Engineering wins $298.7m contract
Photo Credit: Arabianeye-Reuters
Galfar Engineering
GECS
2.98% 0.17 0.01

Mubasher: Galfar Engineering & Contracting said it was awarded an on-site construction services for Yibal Khuff project which is owned by Petroleum Development Oman (PDO), according to a bourse statement.

The contract has a value of approximately OMR 115 million ($298.702 million), with duration period of 51 Months.

The project includes constructing a new central processing facility in Yibal Khuff area which includes civil, mechanical, electrical, and instrumentation works.
“We expect reasonable income from this project,” the company added in the statement.