In-Country Value
ICV galfar January 13, 2024
In-country value (ICV) is a paramount goal for us, driving sustainable local content growth through localizing procurement and developing our workforce

We are proud that we are one of the largest publicly listed companies in Muscat Stock Exchange (MSX) since 2007 and have more than 4000 shareholders. The majority (85%) of these shareholders, whether they are individuals or establishments like local companies and pension funds, are Omanis. This suggests that the company is likely deeply rooted in the local economy and culture of Oman.

Furthermore, Galfar is already an ICV rich organization by way of being among the top 3 biggest National employers in the private sector with ~ 3900 Omanis and evident utilization of the local supply chain by way of posting 90% of purchases in the local market. Additionally, we have strategies and policies in place to further sustain and enhance our ICV stance where practically possible.

Galfar’s ICV Pillars

Omanization & Training
Omanization & Training
Galfar is committed to national growth, we invest in Omanization, providing training programs to enhance local skills and employment.
Social Investment
Social Investment
Our dedication to Oman's prosperity is reflected in meaningful social investments that foster community wellbeing and development.
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Local Contractor Development
Local Contractor Development
Empowering local contractors and SMEs through partnerships and development programs, we're building a stronger, skilled business community in Oman.
Goods & Services
Goods & Services
Prioritizing local procurement, we stimulate Oman's economy by sourcing goods and services from within the country.