Mubasher: Abu Dhabi General Services (Musanada), a subsidiary of Combined Group Contracting (CGC), has offered the lowest bids in a tender for the infrastructure construction of Al Mirfa Industrial Area in Abu Dhabi, with a total value of KWD 16.304 million (AED 198.48 million).
Musanada has not been awarded the tender yet, according to the CGC's disclosure to Boursa Kuwait on Monday.
It is noteworthy to mention that in 2020, CGC has incurred net losses of KWD 8.98 million, against net profits of KWD 3.62 million in 2019.
