Kuwait – Mubasher: Combined Group Company (CGC) on Tuesday said it won a tender from a subsidiary of Kuwait University worth KWD 174.12 million ($576.3 million).
The tender pertains to the establishment and maintenance of administrative buildings in Al Sabah Al Salem university city, CGC said in a filing to the Kuwait Stock Exchange (KSE).
CGC was awarded the three-year contract in partnership with a Chinese firm, the company said, noting that its stake in the project amounts to 25% or KWD 43.5 million.
