Award of Tender to Galfar for Approximate Value of OMR 46 million
Galfar wins RO46mn road contract from MTCIT
Muscat: Oman’s Galfar Engineering & Contracting has been awarded a contract worth RO 46 million for the Construction of Dualization of Izki Nizwa Road (Qarut -Birakat Al Mawz-Firq)
In a disclosure to muscat stock exchange the company: “We are pleased to inform our esteemed shareholders that the Ministry of Transport, Communications and Information Technology (MTCIT) has awarded Galfar the ” Construction of Dualization of Izki Nizwa Road (Qarut -Birakat Al Mawz-Firq)”.
The two parties accepted the Letter of Award on 27″ October 2024.
The value of this project is approximately OMR 46 (Forty-Six} million Omani Riyal with an execution period of 36 months from the commencement date.
This award will further enhance Galfar’s Order Book and sustain its market share within the infrastructure projects.
We take this opportunity to express our appreciation to MTCIT for the confidence vested on Galfar through the award of this project.”
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