Oman’s Galfar eyes India and Libya expansion

Galfar Engineering and Contracting Co, Oman’s largest building contractor, is planning to expand overseas to India and Libya as its domestic market becomes increasingly more competitive, it was reported on Tuesday.

Galfar reported this week that net profits for the first half of 2010 declined 81.16 percent year-on-year from RO8.44m ($21.91m) to RO1.59m ($4.12m). The contractor is therefore eying future growth in the Gulf and overseas.

The company’s Indian operation has already won three projects and is in the process of bidding for some port projects, J. K. Salvi, vice- president of business development and tendering at Galfar told the Times of Oman newspaperread more

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