May 22 2006 |
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MTCC Wins $86 Million Wastewater Pipeline Contract
Beirut (APD) - Kuwait-based Mushrif Trading and Contracting Company (MTCC) won a contract worth KD 24.88 million ($86 million) to construct a wastewater pipeline for the Kuwaiti ministry of public works, the company announced Monday on the Kuwait Stock Exchange (KSE) website.Established in 1968, MTTC is one of Kuwait's major contracting firms and newly listed on KSE as a company in the services sector. Trading in the company's shares started Monday.
The two-year contract includes the construction and maintenance of a sewage wastewater pipeline for the Data Monitoring Center in Sulaibiya Wastewater Treatment Plant, from which water will be pumped to the Wafra farms and landscape areas for irrigation.
According to another MTCC announcement on the KSE website, the contracting group achieved net profits of KD 317,259 in the first quarter of 2006.
By Nadim Issa, APD Staff Writer in Beirut
© APD (Arab Press Digest) 2006
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