Muscat: Galfar Engineering and Contracting has teamed up with Oman Debate 2014, as a strategic partner of the prestigious annual national forum, organised by Oman Economic Review (OER) in association with Capital Market Authority, on April 28, at Al Bustan Palace Ritz Carlton Hotel.
The fifth edition of the debate will highlight Oman's in-country value blueprint strategy in the overall context of the Sultanate's economic and social development. Being one of the largest, multi-disciplined engineering, contracting and construction company in the Sultanate, Galfar's partnership with Oman Debate is part of the company's continued support to the national In-Country Value (ICV) programme. In 2013, the company spent OMR 121 million on materials and about OMR 54m on sub-contracting, of which over 50 per cent went to vendors, sub-contractors and SMEs.
In line with its commitment to maximise the In Country Value (ICV) in compliance with the established norms in the oil and gas sector, the company has recently formed a joint venture with Mott Macdonald to further opportunities in the Sultanate.
The firm will pursue engineering, procurement and construction (EPC) contracts in the oil and gas sector. It will have an initial capital of OMR 250,000 ($649,000) and will trade under the name Galfar Mott Macdonald. The Debate is one of the most awaited annual business forums in corporate Oman's calendar. Titled In-Country Value Oman – The National Priority, the debate will bring the corporate sector and the government together to discuss issues of mutual concern that have a bearing on the Sultanate's economy, featuring an august body of panelists including ministers, leaders and decision makers from Oman's government and corporate sectors.
The annual national debate has generated tremendous excitement over the last five years in the corporate world of the country. The third and fourth editions of Oman Debate were moderated by renowned television host Tim Sebastian, the founder and chairman of 'The Doha Debates' and former BBC Hard Talk presenter.