Combined Group Contracting emerges lowest bidder for KOC project
KUWAIT CITY, 18 hours, 23 minutes ago
Combined Group Contracting (CGC) said it has emerged as the lowest bidder for Jurassic production facilities project being implemented by Kuwait Oil Company.
The project scope includes external works of of Jurassic production facilities as well as development of a 16-inch feeder trunk line in Umm Naqa area.
A publicly listed company on the Kuwait Stock Exchange, CGC specialises in construction of residential, commercial and governmental buildings.
A leading contracting company in the Arabian Gulf, it has expertise in handling roads, infrastructure as well as oil and gas-related development projects.
For the KOC project, the Kuwaiti group had submitted the lowest price of KD19.2 million ($62.6 million).
The entire work will be completed in 19 months, it added.-TradeArabia News Service
