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KIPIC wins KWD 7m deal from HEISCO

KIPIC wins KWD 7m deal from HEISCO
The deal entails implementing construction, mechanical, pipes, and electricity works in the project.
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Mubasher: Kuwait-based Heavy Engineering Industries and Shipbuilding (HEISCO) on Tuesday announced awarding a KWD 6.7 million ($22.16 million) contract to Kuwait Integrated Petroleum Industries Company (KIPIC) in Al-Zour Oil Refinery Project.

The deal will last for 15 months, according to a statement to Boursa Kuwait.

HEISCO further noted that this deal entails implementing construction, mechanical, pipes, and electricity works in the project.

The transaction’s financial impact is forecast to be listed in the firm’s 2018 and 2019 financial results.