Mubasher: Kuwait and Gulf Link Transport (KGL) has offered the lowest bids in a tender affiliated to Kuwait Fire Service Directorate.

The tender is valued at KWD 2.68 million ($8.8 million), KGL said in a bourse disclosure on Tuesday.

KGL said that the tender has a maturity period of three years, it added that the company has not yet received any official letter of award.

A return estimated at 5% of the tender’s value is expected to be realised.