Oman's Galfar wins $31.17m water project contract

By Reuters
  • Wednesday, 23 June 2010 11:30 AM
  • Share via facebook
  • Tweet this
  • Bookmark and Share

Oman's Galfar Construction & Engineering Co has won a contract worth 12 million Omani rials ($31.17 million) to build a water distribution network in northwest of Oman, a tender board official said on Wednesday.

"Galfar will build reservoirs, including trenching and pipelines to connect to all houses in the area," the official told Reuters.

Galfar Engineering won contracts worth 41 million rials for infrastructure projects earlier in April, covering road projects and a hospital building.

It reported a net loss of 843,000 rials ($2.78 mln) in the first quarter mainly due to a project cost increase.

The company made a profit of 4.6 million rials in the first three months of last year. (Reuters)

Related:

Also in Oman

MidEast growth seen at 3.8% in 2012 on oil price

HSBC'S Oman unit merger halted on creditor suit

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Can't read the image? Click it to get a new one.

All comments are subject to approval before appearingTerms and conditions

Further reading

Get E-Mail Alerts
Features & Analysis

Where the real wealth is

Education is a powerful measure for development in a global and...

Oman: The land of plenty

From its sandy beaches to its mountain peaks, Oman’s landscape...

4
Vulnerabilities in the energy industry need to be exposed and rectified

Digital danger zone

Vulnerability to a cyber attack could be the oil and gas industry...

Most Popular
Most Discussed
Read all user comments »
  • 38
    Saudi Arabia bans use of Western calendar

    Given that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more

    Thursday, 24 May 2012 1:24 PM - Mark Renton
  • 25
    Nakheel targets 'young and trendy' for Palm project

    Palm Jumeirah = Disneyland. Is this the kind of community to invest in for a home ???? or a hotel ? It baffles me why people would invest in an apartment... more

    Wednesday, 23 May 2012 4:13 PM - Paul
  • 19
    Iran eyes Google legal action over Gulf naming

    Instead of clinging to anything that reminisces you of your obliterated past, why don't you spend sometime fixing your disgraceful and humiliating present... more

    Tuesday, 22 May 2012 9:30 PM - Fahd
  • 15
    UAE officials warn against marrying foreigners

    I often live with embarrassment, with respect to foreign nationals, by being a “crude American.” I want to marry a man in the Islamic world because one... more

    Friday, 25 May 2012 10:20 AM - Rouillie Wilkerson
  • 14
    Developer secures funds for Dubai theme park

    Let's see what will happen and if this project will go ahead. Only time will show. What happens to the other projects? not much is going on? Are investors... more

    Monday, 21 May 2012 11:49 AM - Greg
Read all user comments »
Read all user comments »