MUSCAT, APRIL 24
In a significant boost to its portfolio and a strategic move towards diversification, Oman's Galfar Engineering & Contracting SAOG (Galfar) announced a joint venture contract with Oman-Etihad Rail LLC (Hafeet Rail) for the design and build of the Abu Dhabi-Suhar railway link project. The estimated project value stands at a hefty RO 521 million (approximately $1.4 billion).
"This project win strengthens Galfar's order book and positions the company for a strategic foray into the promising realm of railway infrastructure projects," Galfar expressed their gratitude to Hafeet Rail for entrusting the project to their consortium.
The contract award was announced against the backdrop of the two-day State Visit of His Majesty Sultan Haitham bin Tarik to the UAE that concluded on April 23, 2024. The Omani-UAE alliance led by Trojan Construction Group (NPC) of the UAE and Galfar of the Sultanate of Oman secured civil contracts for the joint development of the rail network.
The Abu Dhabi-Suhar railway link is a cornerstone project in Oman's infrastructure development plans. This high-speed rail line is expected to revolutionize transportation between the two economic powerhouses, significantly reducing travel time and bolstering trade activity across the region. Suhar, with its thriving industrial port complex, and Abu Dhabi, a major commercial and political center, stand to benefit immensely from improved connectivity. Analysts predict streamlined logistics, increased foreign investment, and job creation as a result of this project.
Galfar brings a wealth of experience to the table. Established in 1971, the company has built a solid reputation for excellence in design and construction across diverse sectors like oil & gas, water & wastewater, and transportation. Their proven ability to manage large-scale projects, coupled with their engineering and construction expertise, makes them a strong choice to lead the Abu Dhabi-Suhar railway project.
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