17/09/2025 03:27 AST

MHD ACERE has entered into a milestone agreement, valued at RO30mn, with Galfar Engineering & Contracting Company, marking a significant step forward for Oman's infrastructure development.

The agreement was signed in the presence of Mohsin Hani al Bahrani, CEO of MHD ACERE, and Dr Hamoud Rashid al-Tobi, CEO of Galfar Engineering & Contracting Company.

According to a press release, this strategic collaboration reinforces a shared vision of driving Oman's infrastructure growth with world-class solutions. The deal will equip Galfar with advanced XCMG machinery to strengthen the delivery of major national projects, including the Hafeet Rail (Sohar-Abu Dhabi railway) and the Adam-Thumrait Highway.


Muscat Daily

Galfar lands key Oman road dualisation project

03/06/2025

Galfar, one of the largest engineering, contracting and construction companies in Oman, has announced that it has secured a major construction works contract for Part Four of the Sultan Said bin Taim

Trade Arabia

Galfar starts work on key Oman road dualisation project

16/03/2025

Galfar Engineering, a multi discipline engineering and construction company, has announced that it has begun work on the Izki-Nizwa road dualisation project in Oman.

The project will see e

Trade Arabia

Galfar order book position stands at OMR690 million

11/08/2016

Galfar Engineering and Contracting Company, the Sultanate's leading contracting firm, said that the order book position of its parent company is over OMR690 million by the end of June 2016.

Times of Oman

Ticker Price Volume
GECS Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
IQCD 9.64 -0.10 (-1.03%)
IGRD 4.08 -0.01 (-0.25%)
OMIFCO 0.23 0.00 (0.00%)
QEWS 12.98 -0.14 (-1.07%)
MPHC 1.02 -0.01 (-0.98%)
Solidarity Bahrain recognised for Digital Transformation Excellence

30/09/2026

Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, has been named 'Best Digital Transformation Company Bahrain 2026' by the World

GDN Online

e& UAE unveils secure communications solution Rannah

30/09/2026

e& UAE has unveiled Rannah, a "Made in UAE" secure communications solution developed in collaboration with the Cyber Security Council (CSC) and fully designed, developed and hosted in the country.

Trade Arabia

Saudi Steel Pipe seals key Aramco supply contract

30/09/2026

Saudi Steel Pipe Company (SSP) has announced that it has won a SAR73 million ($19.2 million) contract to supply steel pipes for oil and gas to Saudi oil giant Aramco.

A major player in the r

Trade Arabia

SABIC AN selects KBR technology for new Jubail Ammonia plant

30/09/2026

KBR has announced that SABIC Agri-Nutrients (SABIC AN) has selected its Purifier technology for a new 3,500 metric tonnes per day (MTPD) single-train ammonia plant in Jubail, Saudi Arabia.

U

Trade Arabia

Jazeera Airways selects CFM LEAP-1A engines for nine additional A320neo aircraft

30/09/2026

Jazeera Airways has selected CFM International LEAP-1A engines to power nine additional A320neo aircraft, expanding its existing engine services agreement with CFM to cover the airline's current and

Trade Arabia