Kuwait-Mubasher: Combined Group Contracting Company said that its subsidiary in the UAE was awarded a tender worth AED 324 million or KWD 25.92 million ($85.5 million), according to a bourse statement.
The Kuwaiti company has duration period of 790 days in addition to 30 days for preparations.
Combined Group has expected works of the project to start May 2016.
The expected financial impact from this tender is 0.49% marginal profit to be collected in the first year, 4.4% profit in the second year, and 3.11% profit in the third year.
