Kuwait – Mubasher: Kuwait and Gulf Link Transport (KGL) said its subsidiary KGL Transportation Company (KGL TC) has won a contract with a US transport body at a value of $27 million, according to a bourse filing.
The contract’s amount is subject to addition or reduction as per the client’s request, KGL said, adding that the one-year deal may be extended to a maximum of 4-and-a-half years.
The company said it expects a revenue of 5% from the deal. It added that this percentage is changeable during the execution period based on the actual implemented works or the circumstances for price changes.
