Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding signed the contract of Kuwait National Petroleum Company’s (KNPC) purchase order.

The purchase order is worth KWD 2.87 million (EUR 9 million) and has a duration period from 2 March, 2015 to 15 February, 2016.

Shipbuilding noted that the financial impact will be operating profits of 4% to 5%, though such percentage can be changed during the project execution.