Galfar Engineering and Contracting SAOG Overview
Pro stress-test →Galfar Engineering & Contracting SAOG was established in 1972 and has since grown to be among the largest publicly listed companies in Oman and one of the largest construction companies in the Middle East. The Company is active in three segments: construction, hiring of equipment and training of personnel. With over five decades of operations, Galfar serves critical infrastructure needs across energy, civil engineering, and transportation sectors.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →With an annual turnover in excess of $1bn and a market capitalisation of $451m, Galfar Engineering & Contracting is Oman's largest contracting company. The company competes against international firms and other major domestic players. Primary competitive advantage derives from long-standing government relationships, technical expertise, and regional market presence.
Industry Context
Galfar Engineering and Contracting SAOG operates in Engineering, Contracting and Construction Services.
Key facts
Founded: 1972 · Headquarters: Muscat, Oman · Employees: 23,000 · Revenue: $739M · Market cap: $70.6M