Galfar executing over OMR1bn in strategic projects to support Oman Vision 2040

Oman is heavily investing in its construction and engineering sector as a cornerstone of its economic diversification strategy under Oman Vision 2040. Galfar Engineering and Contracting stands at the forefront of this national push, currently managing strategic projects valued at over 1 billion Omani rials (OMR) across critical sectors including infrastructure, energy, water, roads, railways, and industrial facilities.

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Galfar’s strategy is built around five key priorities: enhancing project execution, accelerating technology and digital transformation, developing Omani talent, diversifying revenue streams, and expanding its operations both within Oman and internationally.

Dr. Hamoud Rashid Al-Tobi, CEO of Galfar, outlined the company's strategic priorities, emphasizing enhanced project execution, accelerated digital transformation, and the crucial development of Omani talent. He also highlighted the importance of diversifying revenue streams and expanding operations both domestically and internationally. Galfar is actively increasing its presence in high-growth sectors, backed by investments in advanced engineering capabilities and modern technologies.

With approximately 40% of its current OMR1 billion project portfolio already completed, Galfar is continuously seeking new contracts to ensure a sustainable pipeline of work. This approach not only secures the company's future but also creates vital opportunities for national talent development. A key initiative is the Oman-UAE railway project, which Dr. Al-Tobi described as a transformative endeavor for regional transport and logistics, promising improved connectivity and reduced transportation costs.

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Galfar is proud to be the first Omani company participating in the implementation of the railway project, reflecting confidence in its engineering expertise and ability to deliver projects of strategic national importance.

Galfar's involvement in the railway project marks a significant milestone as the first Omani company to participate in its implementation, underscoring confidence in its engineering prowess. The project is expected to foster technology transfer, cultivate local expertise in railway infrastructure, and generate substantial opportunities for small and medium-sized enterprises (SMEs) and local suppliers. Furthermore, Galfar is driving innovation within Oman's construction industry by deploying AI-powered autonomous asphalt paving technology on the Sultan Said bin Taimur Road dualization project, aiming to enhance quality, productivity, safety, and environmental sustainability.

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The technology is expected to improve paving accuracy and quality, increase productivity, optimise material usage, reduce waste, lower fuel consumption and carbon emissions, and enhance worker safety by minimising human involvement.