Mubasher: Combined Group Contracting Emirates, a subsidiary of Combined Group Contracting (CGC) in Abu Dhabi, has won a tender worth AED 295.8 million, equivalent to KWD 24.95 million ($81 million).
Under the tender, the CGC subsidiary will establish a rainwater drainage network at Abu Dhabi’s Al Reef area over a 730-day period, according to the company’s disclosure to Bourse Kuwait on Wednesday.
The company expects to generate operational profits from the tender, which will be included in the company’s financial statements for the coming years.
It is noteworthy to mention that during the first nine months of 2019, the company’s profits reached KWD 3.37 million, up by 4% from KWD 3.24 million during the same period of 2018.
