Kuwait – Mubasher: Jeeran Holding said that its 99%-owned subsidiary, United Gulf Construction Co, has offered the lowest bids in a tender presented by the public works ministry.

The tender contract is worth KWD 105.75 million, with duration period of 36 months.

The unit is representing Italy’s Societa' Italiana Per Condotte D'Acqua Spa, the company said in a bourse statement, adding that no official notification has been received yet.