Galfar secures contracts worth RO 68 Million

Muscat: Galfar secures contracts worth RO 68 Million for the operation and maintenance of various PAW's (DIAM) networks and facilities in Oman.

Galfar Engineering and Contracting Company said in disclosure for Muscat Security Market MSM: "We are pleased to inform our esteemed shareholders that Galfar has been awarded contracts for the total value of OMR 68 Million for the operation and maintenance of various PAW's (DIAM) networks facilities in the Sultanate's governorates."

These contracts are valid for five years from the commencement date which is expected in April / May 2021.

The company added: "We expect these contracts to be important in underpinning the company's revenues and in boosting its endeavors for expansion of its activities. The company would like to extend its sincere appreciation to DIAM for their valuable confidence on Galfar towards the award of these contracts."