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FINANCIAL NEWS
Galfar wins $31m contract in Oman
26 Jun 2010
(MENAFN) Oman’s Galfar Construction & Engineering Co announced that it has won a contract worth $31.17 million to build a water distribution network in northwest of Oman, Times of Oman reported.
Galfar will build reservoirs, including trenching and pipelines to connect to all houses in the area, a tender board official said.
It is worth mentioning that Galfar Engineering reported a net loss of $2.78 million in the first quarter mainly due to a project cost increase.
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