Kuwait’s Combined Group Contracting Company (CGC) has signed a contract worth $125.12 million with ALARGAN National General Trading and Contracting Company, owned by AlArgan International Real Estate Company, to execute a project in Jaber Al-Ahmad City.
The contract includes the implementation of engineering design, supply and construction work in the Investment Opportunity Project proposed by the Public Authority for Housing Welfare (PAHW), CGC said in a statement to Kuwait’s stock exchange.
CGC was established in 1965 in Kuwait and was listed on the Kuwait stock exchange in 2006.
The objectives of CGC are to carry out general contracting works, mechanical works, water and sewage works, sanitary engineering works, construction works of buildings and roads, and investing financial surpluses in portfolios and funds managed by specialized companies and entities.
