Kuwait-Mubasher: Combined Group Contracting said it has signed a contract of a tender by Kuwait’s finance ministry with China First High Way Engineering Company, the company said in a bourse statement.
The road-building and maintenance tender is worth KWD 108.8 million ($362.16 million), and has duration of 1,400 days.
Combined Group clarified that the financial impact from this deal will be a profit margin of 1% which will be collected over the execution period of the project.
