Kuwait – Mubasher: Combined Group Contracting Company said that its subsidiary Combined General Trading and Contracting CO has signed a contract worth KWD 3 million with Equate Petrochemical Company.
The contract has duration period of three years, the company said in a recent statement.
The contract is projected to generate a margin profit of 1.48% by the end of the first year and 3.75% and 7.33% in the second and third years respectively, as well as 2.44% profit by the end of the fourth year.
The percentage of the profit may change based on the project, the statement added.
