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FINANCIAL NEWS
Galfar-Oman forecasts award for projects at OMR690m
11 Aug 2016
(MENAFN) Galfar Engineering and Contracting Co. proclaimed that the order book position of its parent firm is more than OMR690mn by the end of June this year.
Accordingly, the firm expects award of some more projects, while it bagged new projects and extension on recent projects worth OMR215mn in H1 this year.
Additionally, the key elements of the company on-going transformation program, involving head office head account reduction and development of supply-chain improvements.
On the other hand, despite the drop in oil prices in the recent quarters, but the firm maintained the level of work in the oil and gas sector.
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