Mubasher: International Financial Advisors (IFA) announced that it will collect part of its receivables from one of the partners forming the consortium that was awarded Umm Al-Hayman project contract.
IFA will receive KWD 3.023 million ($10 million), which will reflect on the company’s financial results for the fourth quarter (Q4) of 2019, according to a statement to Boursa Kuwait on Monday.
Umm Al-Hayman (UAH) project involves the establishment of a new wastewater treatment facility with a capacity of 500,000 cubic meters per day (m³/d).
The Kuwait Authority for Partnership Projects (KAPP) inked an agreement last year with Germany’s WTE Wassertechnik GmbH Group and IFA.
