Kuwait – Mubasher: Gulf Dredging and General Contracting Co, the subsidiary of Heavy Engineering Industries and Shipbuilding (HEISCO), has provided the lowest bid in a tender presented by the interior ministry.
The tender contract is worth KWD 10.52 million ($34.47 million), with duration period of 24 months, the company said in a bourse statement issued on Wednesday.
The operating profit from this tender will be registered in the company’s financial statements of both 2017 and 2018, the statement added.
