By Mohammed Farouq
Kuwait – Mubasher Exclusive: Kuwait Company for Process Plant Construction & Contracting (KCPC) said it signed a contract worth KWD 1.46 million (nearly $5 million) with the Ministry of Public Works.
The company’s Chief Operating Officer Mahmoud Hammad told Mubasher in a phone call that this tender contract is to maintain the sewage network in Mubarak Al-Kabeer Governorate.
He added that the project will continue three years, and will reflect positively on the company.
KCPC said in a bourse statement this contract is likely to generate a profit margin of 2.5% from the project value, which will reflect on the company’s financial statements over three fiscal years starting from 2015 and until 2017.
Translated by Abdul Maguid Aboshahla
Photo Credit: Arabianeye-Reuters