Combined Group’s Abu Dhabi unit awarded two tenders worth AED 118.5 mln.

Combined Group Contracting Co. (CGC) announced that its branch in Abu Dhabi, UAE, was awarded two tenders worth KWD 9.2 million (AED 118.5 million).

The first tender No. CMW-13023 C001 worth AED 59 million (KWD 4.58 million) is relevant to building works which will last 17 months and is scheduled to start on November 1, 2013. The company indicated that it will likely make a profit margin of 0.22% of the project value by end of 2013, 6.23% of the project value by end of 2014 and 1.55% of the project value by end of 2015.

The second tender No. CMW-13023 C002 worth AED 59.5 million (KWD 4.62 million) is relevant to building works which will last 17 months and is scheduled to start on November 1, 2013. The company indicated that it will likely make a profit margin of 0.22% of the project value by end of 2013, 6.18% of the project value by end of 2014 and 1.6% of the project value by end of 2015.

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