Kuwait – Mubasher: Combined Group Contracting was awarded a project worth KWD 12.75 million as a subcontractor for Petrofac, a subsidiary of Kuwait Oil Company (KOC).

The project is expected to commence in November 2016, with duration of 23 months, according to a bourse statement.

The financial impact is forecast to be a profit margin of 0.098% of the overall project value by the end of the first year, 5.632% in the second year, and 1.270% the year after.

This profit estimates can be changed based on the processing of the project.