Mubasher: Specialities Group Holding on Tuesday announced that Kuwait Port Authority (KPA) has agreed to extend Specialized Construction General Trading and Contracting Co’s contract for six months starting from 21 March 2018.
The contract has been amplified by KPA at a total value of KWD 746,360 ($2.5 million), Specialities Group said in a statement to Boursa Kuwait.
The company added that the contract includes manufacturing, supplying, installing, operating, and maintenance of overhead cranes at the Port of Shuaiba.
Specialized Construction, in which Specialities Group owns 99% stake, is projected to achieve profit margins ranging between 6% and 8% of the extension value, the group said, pointing out that this percentage is not fixed.
