By: Ahmad Awad

Kuwait-Mubasher: Combined Group Contracting Company (CGC) has been awarded tender contracts worth KWD 180.5 million ($596 million) from January until early August, according to statistics collected by Mubasher.

The tender offers were distributed on several countries, including UAE, KSA, Albania, and Bahrain.

Accordingly, CGC has achieved 60% of its target value of  awarded tenders in 2015, as it is planning to vie for new tender offers worth KWD 300 million ($994.8 million).

The Kuwaiti company seeks to increase revenues to an average between KWD 220 million and KWD 230 million, compared to KWD 198 million achieved in 2014.

The contracting company said earlier its Dubai unit was awarded a tender worth KWD 8.77 million (AED 106.98 million) by Mohammed bin Rashid Housing Establishment in Dubai, with a duration period of one year to establish a 346 housing unit in UAE’s Hatta.