Mubasher: Electro Mechanical Engineering Co. (Emeco), a subsidiary of Investment Holding Group, on Sunday announced signing a contract for implementing construction and electromechanical project.

The contract's total value amounted to QAR 27 million, according to the company’s statement to the Qatar Stock Exchange (QSE).

The project will be executed within 13 months, Emeco noted. 

It is worth noting that Investment Holding Group owns around 68.5% of Electro mechanical Engineering’s shares.

For the full-year 2017, Investment Holding Group’s profits declined 10.9% year-on-year to QAR 40.71 million.

By the end of Sunday’s session, Investment Holding Group’s stock advanced 0.18% at QAR 5.65.