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KUWAIT FIRM TO OWN 21.5pc STAKE

Hyundai wins Kuwait contract for $2.6bn bridge

Kuwait, November 14, 2012

A Kuwaiti company has signed a contract with South Korea's Hyundai Engineering & Construction Co. to design, build and maintain a major bridge in the Gulf state, a stock exchange filing said on Wednesday.

Kuwait's Combined Group Contracting Co. will own a 21.5 per cent stake in the Sheikh Jaber al-Ahmad al-Sabah project, it said.

State news agency KUNA reported earlier that the bridge project was worth KD738 million ($2.6 billion). – Reuters




 




Tags: Kuwait | bridge | Hyundai | Combined Group Contracting |

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