Galfar Engineering and Contracting SAOG — Cyborg Score 6/10
Solid
Engineering, Contracting and Construction Services
Strategic Profile
It has three main business units: oil and gas; civils and utilities and services (U&S); and roads and bridges. Galfar is today the most trusted name in construction industry in the region, with unparalleled records in quality, safety and reliability. It has had many successful joint ventures with the global giants in construction and is one of the most sought after construction partners today in the region. The company maintains a dominant position in Oman's construction market, particularly with government and petroleum sector clients.
Cyborg Score Rationale
Galfar Engineering & Contracting has a trailing 12-month revenue of $739M. However, the company faces market headwinds reflected in recent stock performance and declining valuations. Established market position and diverse service offerings provide stability, but competitive pressures and order book challenges limit near-term upside.
Top Insights
An average of more than 16 thousand workers have been working on the company's projects over the past six years.
Roads and bridges unit has built more than 1,500 kilometres of roads in Oman and Qatar.
Company has secured a contract to develop water distribution networks in Al Dhahirah Governorate, Oman, and was awarded to secure a contract for the expansion of Nama Dhofar Services Company's Raysut Water Reclamation Plants.
PDO historically has accounted for 80 per cent of its orders.
Named Competitors
Engineering & Construction Services — Global engineering and construction services provider
Recent Developments
(August 2024) Won major water infrastructure contracts including water distribution networks in Al Dhahirah Governorate
(2024) Revenue of $739M with market cap of $57.2M as of December 31
(2020) Dr. Hamoud Rashid Al Tobi appointed as CEO to drive innovation and quality standards
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