Kuwait-Mubasher: Combined Group Contracting Company said it has been awarded a tender offered by Kuwait’s public works ministry, according to a bourse statement.
The company noted that the tender is worth KWD 19.3 million ($64.6 million), with duration period of 39 months.
Combined Group said that the tender is launched for completing the 15th stage of the infrastructural works in Al Andalus, Kuwait.
It added that the financial impact from this tender will be a margin profit that will be generated annually at 1.069%, 4.106%, 1.7%, and 0.125% over the four years of the contract.
