Combined Group Contracting (CGC), Kuwait announced in a statement that its subsidiary Combined Group Contracting Company Emirates L.L.C. has signed a contract for the construction of main water pipeline works project in United Arab Emirates.
The value of the contract is AED 159.91 million (USD 43.5 million). The duration of the contract is 592 days, statement mentioned.
Project scope of works includes design and implementation of the remaining works of the main water line works in Madinat Zayed.
Many contracts in the country worth billions of dollars are expected to be retendered as originally submitted bids are no longer valid due to high inflation.